Arab Finance: 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.

NPH raised its MTO’s price to acquire Pachin twice; to EGP 36 per share from EGP 34 and to EGP 34 from the initial price of EGP 29 per share.

On March 27^th, the FRA announced that Eagle Chemicals raised its MTO to acquire a majority stake in Pachin to EGP 37, instead of EGP 35.

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