Nippon Paint Holdings confirmed on July 13, 2026 that a Bloomberg report published a day earlier was accurate: the company has proposed buying AkzoNobel's architectural paint business for a total of 7.5 billion euros. The confirmation came with an explicit qualifier. Nippon Paint said the proposal itself is real, but that no concrete decision on the acquisition has been made.
The one-page disclosure, filed with the Tokyo Stock Exchange under joint representative executive presidents Yuichiro Wakatsuki and Wee Siew Kim, is a direct response to media reporting rather than a deal announcement. Nippon Paint (code 4612, Tokyo Stock Exchange Prime) said it would promptly disclose any facts that require disclosure once a decision is reached.
What the filing does not do is spell out terms. It does not say whether AkzoNobel has responded to the proposal, what financing would be involved, or when a decision might come. The scope of "AkzoNobel's architectural paint business" itself is not defined beyond that phrase in the filing.
For now, the confirmed figure is €7.5 billion and the confirmed status is that talks, if they are talks, have not produced an agreement. Nippon Paint's statement leaves the rest, including AkzoNobel's own position, unaddressed.