Race for Akzo Nobel's India business heats up as Blackstone, other PE firms join race
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The competition to acquire Akzo Nobel's India business has intensified with Blackstone and other private equity firms entering the fray. Firms like Warburg Pincus, Carlyle Group, and CVC Capital Partners are interested in a controlling stake in Akzo Nobel India, which operates under the 'Dulux' brand. JSW Paints, in partnership with TPG, and Pidilite are also contenders. Akzo Nobel is exploring strategic options for its South Asia business, which includes India, Pakistan, Nepal, and Sri Lanka, as part of a portfolio review.
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