Akzo Nobel repaints business with 10bln euro sale

Akzo Nobel has agreed to sell its specialty chemicals business to U.S. private equity firm Carlyle Group and Singapore's GIC for 10.1 billion euros ($12.6 billion), including debt. As Sonia Legg reports, the Dutch firm first announced plans to sell the business last April as it looked to evade a takeover from rival PPG Industries.