Arab Finance: Dubai-based National Paints Holding (NPH) has completed its mandatory purchase offer (MTO) to acquire Paints and Chemical Industries (Pachin) by acquiring 231,554 shares for EGP 39.80 per share, or a total value of EGP 9.215 million, as per a filing on July 24^th.

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

Al-Ahly Pharos was the financial advisor on the transaction for Pachin, while Adsero - Ragy Soliman acted as legal advisor.

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.

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