Akzo Nobel to press ahead with Organon IPO

Akzo Nobel said on Thursday it was to press ahead with plans to launch 20% to 30% of its Organon pharmaceutical arm on the Amsterdam Stock Exchange this year. Last year, Akzo Nobel said it planned to float the pharmaceuticals unit to focus on its chemicals and coatings divisions.

A number of private equity groups had reportedly expressed an interest in Organon, but Akzo Nobel has decided to go ahead with the IPO. ‘After careful consideration, in the interest of all stakeholders we have decided to go ahead with the bourse launch, a spokesman said.
Analysts have estimated Organon could raise €7bn to €10bn.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation