Update on the UK Competition and Markets Authority’s review of the AkzoNobel-Axalta merger

AMSTERDAM and PHILADELPHIA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”) are considering the UK Competition and Markets Authority’s (“CMA”) Phase 1 decision regarding their proposed merger. The CMA’s assessment identifies competition concerns solely relating to the supply of vehicle refinish (“VR”) coatings in the UK. AkzoNobel and Axalta aim to address this with the same remedy proposal as included in the decision by the European Commission.