Akzo Nobel India acquires decorative paints intellectual property
Akzo Nobel India announced its plans to acquire intellectual property rights pertaining to its decorative paints business, including trademarks with goodwill, copyright, patents, domain names, business know-how, and associated proceedings, from Akzo Nobel Coatings International B.V., its ultimate holding company. The company is streamlining its operations by divesting non-core assets and strengthening its liquid paints and coatings sector, and focus entirely on its own business rather than operating a center for the benefit of its global parent.. The Board approved the acquisitions, the company also plans to execute Business Transfer Agreements that will separate its powder coatings business and international research. All these transactions should reach completion on or before December 31, 2025, subject to regulatory approvals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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