AMSTERDAM, March 27 (Reuters) - Akzo Nobel AKZO.AS said on Tuesday it had reached an agreement with U.S. private equity firm Carlyle Group CG.O and Singapore's GIC GIC.UL to sell its Specialty Chemicals business for 10.1 billion euros ($12.6 billion).
Akzo first announced plans to sell the business, which accounts for a third of its sales and profit, in April 2017, as it looked to evade a takeover from rival PPG Industries (NYSE:PPG) PPG.N .
($1 = 0.8032 euros)