AkzoNobel acquires majority ownership of Japanese joint venture
"This opportunity allows AkzoNobel to gain access to the Japanese market and take on the leadership in the longstanding cooperation," said Rob Frohn, Board member responsible for AkzoNobel Specialty Chemicals.
The general management of the new organization will effectively remain unchanged and will be governed by an oversight committee of a Board of Directors representing both AkzoNobel and Nippon Kayaku, who will retain a minority ownership interest.
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