Akzo sets '99 as time for consolidation

Article Abstract:

Akzo Nobel NV announced that the 1999 year will be a period of consolidation for the company. Akzo only posted a 1% rise in its net profits in 1998. The chemical group, based in the Netherlands, said it would focus on integrating the firms that it acquired in 1998. Akzo also said it would concentrate on demerging the new Acordis fibers company. In 1998, Akzo posted a 1% increase in net profit to 1.63 billion guilders.

Comment:

Announces that the 1999 year will be a period of consolidation for the company

Sales, profits & dividends, Chemicals & Allied Products, Chemical Manufacturing, Chemicals, Abstract

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Europe drug firms join slimming trend: Akzo and Merck KGaA look to unload units to focus on core assets

Article Abstract:

Chemical and pharmaceutical companies Merck KGAA and Akzo Nobel N.V. are planning divestments in order to focus on core businesses. This follows the trend in the industry in Europe, which until recently had seen the domination of conglomerates.

Acquisitions & mergers, Germany, Mergers, acquisitions and divestments, Company acquisition/merger, Merck KGAA, Pesticides industry, Herbicides, Company business planning, Sulphur industry

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Akzo may consider splitting off its drugs division

Article Abstract:

Akzo Nobel is considering the possibility of splitting off its pharmaceutical unit. The company said that only a "good business reason" would be enough to bring about a sale.

Pharmaceutical Preparation Manufacturing, Pharmaceutical Preparations, Drugs

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