Subscribe to Egypt Claps

The Clap
PACHIN (PACH) has denied any negotiations with Sipes regarding an acquisition.

The Deets
Mohamed Salah El Din, Chairman of PACHIN, confirmed that his company has not received any acquisition offer.

The denial was a response to a letter that spread to Sipes, saying that it has sent an official acquisition offer to PACHIN and is awaiting a response.

Background
PACHIN had received an acquisition offer from Saybad Industrial Investments. However, the PACHIN board turned down the offer and finalized their decision in a general assembly.

+ posts

Tags

Discover more from Claps

Subscribe now to keep reading and get access to the full archive.

Continue reading

Search Blog