Shalakany is pleased to announce that the Paints and Chemical Industries Company ("Pachin") has officially appointed Al Ahly Pharos (investment bank) and Shalakany (legal advisor) to assist in all workstreams pertaining to the outstanding offers submitted by Saybad Industrial Investment and Sipes for the acquisition of Pachin’s shares. The Egyptian Stock Exchange has published the appointment resolution on September 6th, 2022.

 

Omar Sherif, Partner and Transaction Manager, said: “We are delighted to have been able to secure this transaction amidst the competitive proposals submitted to Pachin and very much look forward to assisting our client with closing this deal”.