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Swift and effective integration was always the intention when AkzoNobel acquired ICI at the beginning of 2008. A clear strategy had been defined and there was a strong commitment to building one of t
At the beginning of 2008, AkzoNobel acquired ICI. We have provided regular updates regarding the associated synergies and when we expect the related savings to be achieved. A summary of the situation
Goodwill and other intangibles with indefinite useful lives are tested, per business unit (one level below segment level), for impairment in the fourth quarter or whenever an impairment trigger exist
Impact of the ICI acquisition A pro forma balance sheet for year-end 2007, reflecting the impact of the ICI acquisition on January 2, 2008, on our balance sheet as of December 31, 2007, is set out be
Internal Strategy implementation A failure to implement our strategic agenda effectively could adversely affect our company and its businesses. The appropriateness of our strategic agenda is continuo
On January 2, 2008, we acquired 100 percent of the share capital of Imperial Chemical Industries plc (ICI). The total cost of the acquisition, paid mostly in cash, was €11.6 billion. ICI was one of t
Incidentals included in operating income In € millions 2008 2007 Impairment of ICI intangibles (1,275) – Restructuring charges (275) (62) title (190) – Fair value adjustments on ICI inventories (54)
The “other” category Activities not allocated to a particular business area are reported in the “other” category. The Decorative Paints businesses which were divested according to the commitment pack
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