Akzo Nobel to finalise ICI deal January 2

Chemicals company Akzo Nobel said on Monday it expects to complete its acquisition of British company ICI on January 2, 2008.

The takeover still has to be approved by Akzo Nobel shareholders, who will vote on November 5. Akzo is offering 670 pence a share for ICI, in a deal worth €11.8bn. ANP says it is the biggest takeover ever made by a Dutch company.

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