AkzoNobel sells Asia unit for USD 1.35 billion. Bernstein targets AkzoNobel stock at EUR 62
Published on 10/13/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- AkzoNobel agreed on October 5, 2026, to sell its Southeast Asia decorative paints business to Nippon Paint for USD 1.35 billion.
- The transaction covers seven countries and values the business at 21 times fiscal 2025 EBITDA.
- Bernstein Research raised its target from EUR 60.00 to EUR 62.00 on September 30, 2026.
- AkzoNobel stock was trading at EUR 58.82 at Lang & Schwarz on October 13, 2026, at 9:19 a.m. CEST.
AkzoNobel agreed on October 5, 2026, to sell its Southeast Asia decorative paints business to Nippon Paint for USD 1.35 billion, while Bernstein Research had raised its target for AkzoNobel stock from EUR 60.00 to EUR 62.00 on September 30, 2026. Reuters reported the sale, while FinanzNachrichten.de published the analyst update.
Three strategic steps in 2026
On September 29, 2026, Deutsche Bank Research kept a EUR 60.00 target and projected third-quarter operating EBITDA of EUR 338.00 million, according to FinanzNachrichten.de. The estimate gives the October reporting date a concrete earnings benchmark.
On September 30, 2026, Bernstein Research lifted its target from EUR 60.00 to EUR 62.00 and retained a Market-Perform rating, citing a lower perceived risk that the Axalta merger would fail, according to FinanzNachrichten.de.
On October 5, 2026, AkzoNobel announced the USD 1.35 billion transaction with Nippon Paint. The deal spans Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia and values the business at 21 times fiscal 2025 EBITDA, according to Reuters.
What does the sale change?
The transaction completes AkzoNobel's review of its Asian decorative paints portfolio after earlier disposals in India and Pakistan. AkzoNobel will retain its coatings activities and Global Business Services organization, leaving the company more concentrated on coatings and the planned Axalta merger. The Indonesia transaction is expected to complete in late 2026, while the other deals are expected to complete in mid-2027, subject to customary conditions, according to AkzoNobel. The 21 times valuation and the EUR 338.00 million earnings estimate give investors two different measures of the strategy's financial effect.
Upcoming dates for the stock
AkzoNobel's next reported event is third-quarter results on October 21, 2026, while the Indonesia transaction is expected to complete in late 2026, according to FinanzNachrichten.de and Reuters. The earnings release will test whether the projected EUR 338.00 million operating EBITDA is aligned with the company's target.
AkzoNobel stock at EUR 58.82
AkzoNobel stock was trading at EUR 58.82 at Lang & Schwarz on October 13, 2026, at 9:19 a.m. CEST. The EUR 62.00 Bernstein target stands EUR 3.18 above that market price, making the analyst's revised valuation a clear reference point ahead of the results.
The further course of trading is shown by the continuously updated real-time quote of AkzoNobel stock.
AkzoNobel stock facts
- Company: Akzo Nobel N.V.
- ISIN: NL0013267909
- Ticker: AKZA
- Primary exchange: Euronext Amsterdam
- Price Lang & Schwarz as of October 13, 2026, 9:19 a.m. CEST: EUR 58.82
- Sector / Industry: Materials / Chemicals
- Index membership: AEX
Market context: Market report AEX.
