UPDATE 2-Akzo Nobel to buy BASF industrial coatings unit for 475 mln euros
February 17, 2016 at 07:16 AM EST
AMSTERDAM, Feb 17 (Reuters) - Paint and coatings maker Akzo Nobel has agreed to buy BASF's industrial coatings business for 475 million euros ($531 million) to strengthen its position in coatings for widely used steel and aluminium bands.