Four major paint makers in race to acquire AkzoNobel
Top Indian paint companies, including Berger Paints, JSW Paints, Indigo Paints, and Aditya Birla Group, are competing to buy a majority stake in AkzoNobel India. The parent company, AkzoNobel, is looking to sell their 75% stake for $2.5-3 billion. However, potential buyers are only willing to pay half the asking price.