CWN - News & Information for Coventry & Warwickshire 20x21spacer.gif (59 bytes)What's New?Search CWN
[10 SEP 98] COURTAULDS / AKZO NOBEL PRESS RELEASE
Akzo Nobel Implements Name Change For Courtaulds

Today in Arnhem, Akzo Nobel NV announced that it will shortly change the name of Courtaulds plc, which it acquired in July, to Akzo Nobel UK plc. The units and subsidiaries of Courtaulds plc whose names include the word 'Courtaulds' will phase out their use of that name over the next few months and will, where applicable, adopt the Akzo Nobel name.

An announcement about the new name for the combined Fibres businesses of Courtaulds and Akzo Nobel will be made in the near future. Akzo Nobel has stated its intention to spin off the combined fibres business in 1999.

Akzo Nobel expects the procedure for compulsory acquisition of the outstanding ordinary shares of Courtaulds to be completed on 17 September 1998, and will apply to the London Stock Exchange for the Courtaulds ordinary shares to be delisted as at that date.

The Annual General Meeting of Courtaulds plc, which was provisionally scheduled for 23 September 1998, will be deferred to a later date.

Akzo Nobel, headquartered in the Netherlands, is a market-driven and technology-based company, serving customers throughout the world with healthcare products, coatings, chemicals, and fibres. The company employs 70,000 people and has activities in more than 60 countries. In 1997, consolidated sales aggregated NLG 24.1 billion (USD 12 billion/GBP 7.5 billion). In July of this year, Akzo Nobel acquired control of Courtaulds through a recommended cash offer.

MORE INFORMATION: 
John Jennings, Akzo Nobel NV  +31 26 366 4343
Ian Harrison, Courtaulds plc  0171 612 1157
Donald Anderson, Courtaulds plc  0171 612 1293

1x22rule.gif (89 bytes)

ADVERTISE YOUR BUSINESS TO 120,000 VISITORS PER MONTH

email chris@cwn.org.uk



Have your say on TalkZone!



West Orchards Shopping Centre, Coventry



CWN / Business / Newswire / Courtaulds / Press Releases / 10 September 1998

1995-2000 Coventry Internet Developments Ltd

This page modified on 10 November 2008 09:49:15AM