Akzo Nobel enters race to buy Finland’s Tikkurila, bids above PGG

AMSTERDAM, Jan 18 (Reuters) – Dutch paints and coatings maker Akzo Nobel said on Monday it wanted to buy Finnish paint maker Tikkurila in a deal valuing the company at 1.4 billion euros ($1.69 billion).

Akzo’s bid of 31.25 euros per outstanding share is 13% higher than the bid its U.S. rival PPG Industries made earlier this month.

$1 = 0.8281 euros Reporting by Bart Meijer; Editing by Edmund Blair

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