# National Paints to acquire Pakin through mandatory purchase offer

National Paints (Al-Asbagh) of the UAE has made a mandatory purchase offer for all shares of Pakin (Paints and Chemical Industries), with the state-owned Chemical Holding Company deciding to sell its 44.6% stake. The total deal value is expected to be about EGP 955 million.

- Type: Acquisition
- Announced: 2023-04-30
- Where: Egypt
- Value: $25.0M (955.0M EGP)
- Status: announced
- Products: paints, chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [National Paints Holdings](https://endata.com/companies/70031.md) (acquirer)
- [Pakin](https://endata.com/companies/70032.md) (target)
- [Chemical Holding Company](https://endata.com/companies/70033.md) (partner)
- [Egyptian Paint and Chemicals Company (Pachin)](https://endata.com/companies/70143.md) (target)

## Sources

- [alborsaanews.com](https://alborsaanews.com/2023/04/30/1661272), 2023-04-30: "الشركة القابضة للصناعات الكيماوية، إحدى شركات وزارة قطاع الأعمال العام، صاحبة حصة الأغلبية البالغة 44.6% قررت الاستجابة لعرض الشراء"
- [alborsaanews.com](https://alborsaanews.com/2023/05/06/1663301), 2023-05-06: "استجاب حملة أسهم 81% من الشركة لعرض الشراء المقدم من شركة الأصباغ الوطنية الإماراتية بقيمة تصل إلى 771 مليون جنيه."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.