AkzoNobel has secured European Union approval to acquire Dow Chemical's powder-coatings business. The Dutch firm will take over a unit that Dow gained through its Rohm & Haas transaction, gaining control of new technologies for vehicle and architectural coatings. "Even though the proposed transaction would strengthen AkzoNobel's market-leading position in powder coatings, a large number of alternative suppliers would remain in the market," the European Commission said.

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