Al Tamimi & Company advises on Eagle’s takeover of Pachin

Corporate law firm, Al Tamimi & Company said on Thursday it is advising Eagle Chemicals’ offer to acquire up to 100 percent shares of Egypt based Paints and Chemical Industries Company (Pachin).

Eagle seeks to acquire Pachin, a minimum of 75 percent shares at a price per share of 37 Egyptian pounds ($1.20).

The law firm’s Egypt office led on all aspects of the acquisition submission, including legal due diligence and regulatory advice, and after close coordination with the Egyptian Financial Regulatory Authority (FRA), Eagle’s offer to acquire Pachin was accepted.

Al Tamimi & Company’s experienced team advised Eagle Chemicals was led by Ehab Taha, Partner and Head of Corporate Commercial, with expert support from senior counsels Amr Hamdy and Bassem Abdel Rahman.

“I’m honoured to have worked on this landmark deal. Being lead counsel on this transaction demonstrated our experience and expertise of advising clients on complex matters.” said Ehab Taha, Partner and Head of Corporate Commercial at Al Tamimi & Company.

“We worked closely with the team at Eagle Chemicals on all aspects of the acquisition tender, this included working with Financial Regulatory Authority to ensure the tender meets the submission criteria.”