AKZOY Akzo Nobel NV (QX)

--U.S. private equity giant Apollo Global Management LLC (APO) has teamed up with PGGM, one of the Netherlands' largest pension funds, as co-investors to buy a piece of Akzo Nobel's business as it looks to position itself as a viable Dutch option in a fiercely-contested auction, the Financial Times reports.

--If successful, PGGM will be a minority co-investor alongside Apollo, which has already teamed up with German chemical maker business Lanxess AG (LXS.XE) in a bid to demonstrate its expertise in the area, the FT reports.

Full story: http://on.ft.com/2BTUZV6

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(END) Dow Jones Newswires

February 12, 2018 07:02 ET (12:02 GMT)

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