Akzo Nobel to take annual charge for ICI

Chemicals concern Akzo Nobel announced on Friday that it will take an annual charge of between €125m and €120m for the period 2008 to 2010 following its takeover of British peer ICI.

Akzo Nobel booked a one-off charge of €44m for the takeover in the first quarter of this year. The company paid over €11bn for ICI. Combined turnover is €14bn.

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