Akzo Nobel to divest solar cell production venture
Arnhem, the Netherlands, April 7, 2006 — Akzo Nobel has agreed to sell its pioneering Helianthos solar cell production venture to Dutch energy company Nuon. Financial details have not been disclosed.Helianthos was operated together with Shell Solar to pave the way for the commercial manufacture of flexible solar cells, with the partnership ending just over 12 months ago after Shell changed the focus of its strategy. Following Akzo Nobel’s own strategic realignment of its Chemicals portfolio, it has now been decided that the business will have better prospects for growth and development in