en.Wedoany.com Reported - Akzo Nobel N.V. issued a notice on June 24, formally convening an extraordinary general meeting to consider a full-share equal merger with Axalta Coating Systems Ltd.. The extraordinary general meeting is scheduled to be held at 15:00 Central European Summer Time on August 5, 2026, in Amsterdam, with the agenda and related shareholder circular already published to shareholders.

This merger aims to create a globally leading coatings company, integrating the complementary business portfolios of both parties into a comprehensive solution covering powder coatings, aerospace coatings, automotive coatings, marine and protective coatings, industrial coatings, and decorative paints. Shareholder votes for both companies are scheduled for August 5, with Axalta's special general meeting to be held virtually at 9:00 a.m. Eastern Time.

Completion of this merger remains subject to several conditions, including the approval of relevant resolutions at the extraordinary general meeting, regulatory approvals, and other customary closing conditions. Subject to these conditions being met, the merger is expected to be formally completed by the end of 2026 or early 2027. Under the agreement, upon completion of the transaction, Akzo Nobel shareholders will hold 55% of the combined company's equity, while Axalta shareholders will hold 45%.

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