Arab Finance: 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, according to a statement by the Financial Regulatory Authority (FRA) on March 23^rd.

Earlier this month, NPH raised its MTO’s price to EGP 34 per share from the initial price of EGP 29 per share.

It is worth noting that Pachin received an MTO from Eagle Chemicals on March 22^nd to acquire a majority stake in the former for EGP 35 per share.

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