Events after the reporting period
On February 17, 2016, we announced that a general agreement had been reached with AkzoNobel on the sale of the Coatings division’s industrial coatings business for €475 million. The transaction would include technologies, patents and trademarks, as well as the transfer of two production sites in England and South Africa. The planned transaction is subject to the required consultation with employee representatives and certain regulatory approvals. Our industrial coatings business generated sales of approximately €300 million in 2015. We intend to complete the transaction by the end of 2016.