Akzo Nobel denies it hid a e1.1bn deficit

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EUROPE - Pharmaceuticals and chemicals giant Akzo Nobel has denied allegations by a Dutch shareholder activist group that it masked a e1.1bn pension fund deficit in its 2002 financial accounts.

Arnhem-based Akzo has been issued with a high court summons by Stichting Onderzoek Bedrijfs Informatie (SOBI) over the alleged deficit. In a statement Akzo said: “Akzo Nobel’s financial statemen...

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