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Sunday, 22 December 2019

Egypt’s AMN Industrial Investment acquires 7.7% of Pachin for EGP 39.93 mn

M&A WATCH- Egypt’s AMN Industrial Investment acquires 7.7% of Pachin for EGP 38.9 mn: AMN Industrial Investment has acquired 7.7% of the Paint and Chemical Industries Company (Pachin) in a EGP 38.9 mn transaction, Pachin said in a disclosure to the EGX (pdf). AMN bought out Pachin shareholder Helmy Abou Eita’s entire 1.85 mn shares at EGP 21 per share, reports Hapi Journal. Pachin is 44.63% owned by the state’s Chemical Industries Holding Company and 12.81% by state-owned Banque Misr.

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