AkzoNobel shares spark as Cevian takes 3% stake.


Shares of AkzoNobel shot higher on Friday as it emerged that activist investor Cevian Capital has taken a 3.02% stake in the Dulux owner.

Source: Sharecast

According to a regulatory filing, Cevian bought more than 5 million ordinary shares through its portfolio Cevian Capital II Master Fund LP on Wednesday.

At 0855 BST, the shares were up 4.4% at €59.50.

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