Akzo Nobel NV (ENXTAM:AKZA) is seeking acquisitions. Ruud Joosten, Head of Decorative Paints at Akzo Nobel told to daily AD that Akzo does not rule out new acquisitions to bolster existing operations. Ruud, however, underlined that this was not the company's main priority.

Akzo Nobel NV (ENXTAM:AKZA) aims to sell its construction adhesive products business, Bloomberg reported citing a source. According to sources, Akzo has received takeover bids from private equity firms and sector players. SeeNews Netherlands reported that the spokesman for Akzo did not comment on the report.

Solazyme, Inc. and Akzo Nobel NV announced that they have entered into an agreement targeting the development of advanced tailored oils and commercial sales for near-term product supply. Tailored oils can enhance or replace petroleum-derived chemicals, and improve upon the performance of plant oils and animal fats. The Solazyme and AkzoNobel agreement is rooted in a shared commitment to sustainability and high-performance products derived from triglyceride oils. Commercial supply of multi-thousand ton quantities of highly sustainable algal oil is expected to originate from the Solazyme Bunge Renewable Oils Joint Venture oil manufacturing plant in Brazil. Sales of product are anticipated to commence in 2014, with pricing to be competitive and based upon Solazyme's cost of manufacturing. Product development efforts are anticipated to begin in the second half of 2013, and are focused on a number of AkzoNobel's end market applications, specifically surfactants and paints and coatings.