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Paints news

PACHIN to delist shares from Egyptian Exchange after acquisition by UAE

Egypt-based Paint and Chemicals Industries (PACHIN) company will voluntarily delist its shares from the Egyptian Exchange after being acquired by UAE.

El Mohandes Jotun inaugurates state-of-the-art factory at Zona Franca industrial zone

With an investment surpassing $100 million, the new factory is built over an expansive area of 94,000 square meters.

UAE’s National Paints officially acquires state-owned Pachin in a $25m deal

National Paints Factories previously submitted a compulsory purchase offer to the FRA to purchase up to 100 percent of the shares Pachin.

Pachin stock closes near highest acquisition bid price

The company’s stock closed near the highest bid price, reaching EGP 39.08 per share, by the end of Wednesday’s trading session.

Competition for Pachin acquisition sparks controversy over fair value of its stock

National Paints is competing against Eagle Chemicals which increased its offer to about EGP 39 currently.

Chemicals Events

ACHEMA 14.06.2027

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