Key highlights
- AkzoNobel signs agreement to sell AkzoNobel Pakistan Limited to IGI Investments (Packages Group) for an enterprise value of PKR 16.2bn (~€50m) at 14x EV/EBITDA.
- The business is primarily Decorative Paints, with Future Coatings activities to continue under royalty arrangements.
- Transaction is subject to customary closing conditions and expected to close in H2 2026.
- The divestment is part of AkzoNobel's portfolio review and follows the sale of AkzoNobel India finalized in December 2025.
Transaction overview
AkzoNobel has signed an agreement to sell AkzoNobel Pakistan Limited to IGI Investments (Packages Group) for an enterprise value of PKR 16.2 billion (≈€50 million), at a 14x EV/EBITDA multiple.
Business and deal terms
The business is mainly Decorative Paints; Future Coatings activities under Packages Group ownership will be subject to royalties. The transaction is subject to customary closing conditions.
Timeline and context
The sale is expected to complete in H2 2026 and forms part of AkzoNobel's strategic portfolio review, following the sale of AkzoNobel India finalized in December 2025.
