"We expect we will have to sell the businesses within six months, which is normal in such cases," an Akzo Nobel spokesman said, adding that he expected no complications as there was enough appetite for the units and the products.
AMSTERDAM (Reuters) - Dutch chemical group Akzo Nobel <AKZO.AS> said it will be able to sell some of its British and Irish paint businesses as part of its divestment plan with European regulators who approved its 8 billion pound ($16.3 billion) acquisition of Britain's ICI <ICI.L>
"We expect we will have to sell the businesses within six months, which is normal in such cases," an Akzo Nobel spokesman said, adding that he expected no complications as there was enough appetite for the units and the products.
Akzo greed "to divest activities in the UK, Ireland and Belgium as well as a shareholding in the adhesives manufacturer Purbond AGm," the European Commission said in a statement.
(Reporting by Reed Stevenson)
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