Kuwait-Mubasher: Nafais Holding will hold a board meeting on Thursday to discuss a valuation by an independent investment consultant in order to put forward a recommendation to shareholders on Boubyan Petrochemical’s voluntary acquisition offer.
The full takeover bid is launched for the 83.09% stake owned by Nafis, according to a statement by the healthcare and educational services provider.
The market value that Boubyan would gain from this deal is KWD 49.7 million, an earlier statement by the prospected acquirer said.
Boubyan previously noted that the acquisition hinges on whether shareholders holding not less than 143.63 million shares of Nafais are willing to sell their equity.
Nafais’ shares will be put for sale starting from 8 March to 10 April.
Nafais was last trading on Monday when it settled at 136 fils.
