--U.S. private equity giant Apollo Global Management LLC (APO) has teamed up with PGGM, one of the Netherlands' largest pension funds, as co-investors to buy a piece of Akzo Nobel's business as it looks to position itself as a viable Dutch option in a fiercely-contested auction, the Financial Times reports.

--If successful, PGGM will be a minority co-investor alongside Apollo, which has already teamed up with German chemical maker business Lanxess AG (LXS.XE) in a bid to demonstrate its expertise in the area, the FT reports.

 

Full story: http://on.ft.com/2BTUZV6

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

February 12, 2018 07:02 ET (12:02 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Akzo Nobel NV (QX) (USOTC:AKZOY)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Akzo Nobel NV (QX) Charts.
Akzo Nobel NV (QX) (USOTC:AKZOY)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Akzo Nobel NV (QX) Charts.