Note 27: Subsequent events

The impact of the decision of the United Kingdom to leave the European Union (Brexit) was assessed. The impact on our activities and financial information is considered not to be material.

On December 12, 2019, AkzoNobel has entered into an agreement to acquire 100% of the shares of Mauvilac Industries Limited, a leading paints and coatings company in Mauritius. The transaction includes a local production facility, four concept stores and access to a strong distribution network. The planned transaction is expected to be completed in the first half of 2020, subject to customary conditions.