The Clap
Another paint company is studying the possibility of putting forward an offer to acquire Pachin as per sources to Al Borsa.
The Deets
Sources confirmed that Pachin will assess all offers on the table within 2 months and choose based on Al Ahly Pharos’ advice.
Pachin’s Main Shareholder
Pachin’s largest shareholder, the Holding Company for Chemical Industries, would consider an exit from the company as long as the price is fair.
Background
Pachin received two offers, one from Sipes for EGP 17.5 – EGP 18.5 per share, and the other from Saybad Industrial Investments for EGP 16.5 – EGP 18.75 per share.