The Egyptian Exchange (EGX) has set the regulations and timetable for trading subscription rights tied to Paints and Chemical Industries' (Pachin) planned EGP 365 million capital increase.

In May, NPH reportedly acquired 81% stake in Pachin in a deal worth EGP 770.45 million.

Paints and Chemical Industries (Pachin) recorded a consolidated net profit attributable to the holding company of EGP 25.98 million in the first nine months of fiscal year (FY) 2022/2023.

Established in 1958, Pachin is a pioneer in the Egyptian industry of paints and printing inks. The company has strategic alliances with AkzoNobel, the world's leader in the paints industry, and NovaColor, a first-class Italian manufacturer of decorative products.

Established in 1958, Pachin is a pioneer in the Egyptian industry of paints and printing inks. The company has strategic alliances with AkzoNobel, the world's leader in the paints industry, and NovaColor, a first class Italian manufacturer of decorative products. Pachin also built the largest factory for decorative paints in Libya.

Eagle Chemicals has raised again its mandatory tender offer’s (MTO) price to acquire majority stake in Paints and Chemical Industries (Pachin) to EGP 39 per share.

Dubai-based National Paints Holding (NPH) has raised its mandatory tender offer’s (MTO) price to acquire up to 100% stake in Paints and Chemical Industries (Pachin) to EGP 37.75 per share from EGP 36, according to a statement by the Financial Regulatory Authority (FRA) on March 30th.

Eagle Chemicals has raised its mandatory tender offer’s (MTO) price to acquire majority stake in Paints and Chemical Industries (Pachin) to EGP 37, instead of EGP 35.

Dubai-based National Paints Holding (NPH) has raised its mandatory tender offer’s (MTO) price to acquire majority stake in Paints and Chemical Industries (Pachin) to EGP 36 per share.

Paint and Chemical Industries Company (Pachin) has received a mandatory tender offer (MTO) from Eagle Chemicals to acquire a majority stake in the former.

Pachin is an Egypt-based public shareholding company that operates in the production, marketing, and distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts, and other related products.

Paints and Chemical Industries is an Egypt-based public shareholding company engaged in the production, marketing, distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts, and other related products.