Japan’s Nippon Paint makes $2.7b bid for Australia’s DuluxGroup

Nippon Paint is seen in this illustration photo November 22, 2017. REUTERS/Thomas White/Illustration

Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$3.8 billion ($2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters.

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