SG-based Wuthelam to take control of Japan's Nippon Paint in $12b deal

SG-based Wuthelam to take control of Japan's Nippon Paint in $12b deal

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

Nippon Paint Holdings Co., Japan’s biggest paint maker, struck a 1.29 trillion yen ($12.2 billion) deal to join with Singapore-based Wuthelam Holdings Pte, seeking to create a dominant paints and coatings company in Asia.