Al Ahly

Paints and Chemical Industries Company (Pachin) decided to appoint the investment bank Al Ahly Pharos to negotiate and compare the possible acquisition ...

Later, Saybad Industrial Investment presented a modified bid on 9 August, with a value between EGP 16.5 – 18.75 per share. Pachin received a takeover offer from Saybad Industrial Investment on 8 July, with a value ranging between EGP 16 – 16.5 per share, and another purchase offer from Sipes on 7 August. Sources told Daily News Egypt that the company has set a time frame of up to two months to decide on the bids, and to complete the exit process, pointing out that it will conduct a study to determine the fair value of the share.