Akzo Nobel Shares Rise After Activist Investor Cevian Builds Stake

Dow Jones
2025/08/22
 

By Adria Calatayud

 

Akzo Nobel shares climbed after activist investor Cevian took a stake in the Dutch paints maker valued at about $342 million.

Shares in Akzo jumped 5% in European morning trading on Friday, erasing the stock's losses so far this year.

Cevian took a stake of 3.02% in Akzo, according to a Dutch regulatory filing published Friday. Based on Akzo's closing share price on Thursday, Cevian's stake is valued at 294.4 million euros, equivalent to $341.7 million.

Akzo and Cevian didn't immediately respond to requests for comment.

Sweden's Cevian specializes in buying minority stakes in European-listed companies that it considers overlooked, misunderstood or out-of-favor with investors. The firm says its strategy is to use proactive, hands-on ownership to help make its portfolio companies more valuable.

In recent years, Cevian invested in Swiss bank UBS Group, U.K. medical-equipment maker Smith & Nephew and Irish building-materials supplier CRH, among other companies.

 

Write to Adria Calatayud at adria.calatayud@wsj.com

 

(END) Dow Jones Newswires

August 22, 2025 04:52 ET (08:52 GMT)

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