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Net debt

Net debt increased from €936 million at year-end 2010 to €1,808 million at the end of Q2, mainly due to:

  • Operating cash outflow of €354 million
  • Capital expenditures of €294 million
  • Payments of dividend of €272 million

A bond totaling €539 million matured in June and was paid back without refinancing.

Copyright © 2011 Akzo Nobel N.V.