Press release from the Competition Council regarding the economic concentration project related to the merger between the company “Akzo Nobel N.V.” and the company “Axalta Coating Systems Ltd.”

In accordance with the provisions of Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation as amended and supplemented, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.

This information has been prepared by the two notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 as amended and supplemented adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies involved:

• The company “Akzo Nobel N.V.”;
• The company “Axalta Coating Systems Ltd.”.

Nature of the operation:

• Merger.

Economic sectors concerned:

• Trade of paint and coating products.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. July 8, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the merger between a wholly-owned subsidiary of the company “Akzo Nobel N.V.” and the company “Axalta Coating Systems Ltd.”.

“Akzo Nobel N.V.” is a Dutch public limited company with its registered office at Christian Neefestraat 2, 1077 WW Amsterdam, Netherlands, registered with the Chamber of Commerce under number 09007809. “Akzo Nobel N.V.” operates in the paint and coating market.

“Axalta Coating Systems Ltd.” is an exempted Bermuda holding company, with its registered office at 1050 Constitution Avenue, Philadelphia, PA 19112, United States, and registered with the Chamber of Commerce under number 46832. “Axalta Coating Systems Ltd.” operates in the coatings market.

The merger of the company “Akzo Nobel N.V.” and the company “Axalta Coating Systems Ltd.” brings together two multinational coating companies with complementary portfolios, aiming to better serve customers in key end markets and increase value for shareholders, employees, and other stakeholders.

 

Done in Rabat, June 26, 2026.