Transaction: Divestments
Date: December 2010
Deal value: EUR 81 million (EV)
Process: Private auction
Industry: Retail

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EAC comprises two strategic businesses, a food & beverage business in Venezuela (Foods) and a moving & relocations business (EAC Moving & Relocation Services).

Akzo Nobel Coatings Thailand is an architectural coatings business based in Bangkok Thailand and joint owned by Akzo Nobel and EAC.

The portfolio investment in Akzo Nobel Coatings was historically related to the activities of EAC Industrial Ingredients in Thailand, and following the divestment of this business in July 2010, the investment in Akzo Nobel Coatings is no longer strategically motivated.