How can you buy AkzoNobel shares?
AkzoNobel is a Dutch multinational company headquartered in Amsterdam that operates in the field of paints, lacquers, and specialty chemicals. It is even the world market leader in the field of coatings. AkzoNobel has branches in more than 80 countries and employs a total of over 43,000 people. Are you thinking about investing in AkzoNobel? On this page, you’ll immediately find out how best to buy AkzoNobel stocks.
Where can you buy AkzoNobel stocks?
When you have confidence in the future of AkzoNobel, it can be attractive to invest by buying shares. However, it is then even more important to examine the company’s prospects carefully. For example, analyze whether AkzoNobel has a good vision for the future and whether the company is still competitive.
Do you still have confidence in the future of the company after the analysis? Then it might be smart to buy AkzoNobel shares at eToro. At eToro, you don’t pay commissions on all your share transactions. Use the button below to directly open an account with eToro:Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.
How can you actively invest in AkzoNobel?
Many people still buy shares through an old-fashioned security account with their bank. Nowadays, however, it is also possible to actively trade AkzoNobel’s share price using CFD shares. With CFDs, you can also take a large position with a small amount of money by using leverage. Moreover, with a short position, you can also speculate on a falling price.
A good and modern broker to actively trade CFD AkzoNobel shares is Plus500. Plus500 does not charge commissions and allows you to use the easy-to-use software. Would you like to try the features for free with a demo? Use the button below to directly open an account:72% of retail CFD accounts lose money.
What is AkzoNobel’s current stock price?
If you’re curious to see how the AkzoNobel company’s CFD share price has developed, the chart below shows the price at which you can buy and sell AkzoNobel’s CFD shares:
Should you invest in AkzoNobel now?
Investing is a skill: it can therefore be difficult to determine whether to buy or sell AkzoNobel shares. Before making this decision, it is important to consider whether you want to invest in the shares in the short or long term.
When investing in the short term, it is more important than the share shows sufficient volatility. After all, as a speculator, you can benefit from price movements in the short term. With a short position, for example, you can even profit from a falling share price.
Most people choose to invest in equities in the long term. This can be advantageous, as it allows you to save time with your investing. Moreover, share prices move up more steadily in the long term, while they fluctuate much more in the short term.
Whether or not to invest in AkzoNobel shares depends heavily on the global economic situation. Since AkzoNobel is a multinational company, they are highly dependent on the global economic situation. It is therefore advisable to analyze this situation carefully first.
The group of coatings, where AkzoNobel is the world market leader, consists of the following units:
- Decorative Paints (Deco): decorative lacquers and paints
- Industrial Finishes (IF): lacquers and paints for industrial applications
- Car Refinishes (CR): paints for the automotive industry
- Powder Coatings(POW): powder coatings
- Marine and Protective Coatings (MPC): protective paints e.g. ships.
Well-known brands of this group include Flexa®, Sikkens®, International®, Crown®, and Interpon®. These special products have been used on the Sontbrug bridge between Denmark and Sweden, the Ferris wheel in London, the London Eye, and the opera house La Scala in Milan.
AkzoNobel has been around for over 200 years and over that time has had several parent companies, the first of which was Det Holmbladske Selskab from Denmark. In Dutch, Sikkens is the oldest forerunner. Sikkens, the manufacturer of lacquers and paints, has existed since 1792.
In later years, due to various mergers, several well-known names were added:
- Zwanenberg in 1887
- Dutch Artificial Silk Factory Enka in 1911
- Royal Dutch Salt Industry in 1918
- Duyvis in 1961 and divested again in 1987
Origin of the name
After the merger in 1969 of the Algemene Kunstzijde Unie (AKU) with Koninklijke Zout Organon, the company was renamed AKZO. A mammoth group by Dutch standards at the time with more than 100,000 employees worldwide.
With the acquisition of Nobel Industries by AKZO, AKZO Nobel was formed in 1994, after which AKZO Nobel was renamed AkzoNobel in 2008. That’s when the new logo was introduced.