Mubasher: The Capital Markets Authority (CMA) approved publishing the document of the compulsory acquisition offer by Boubyan Petrochemical to purchase the remaining 46.2% stake in Educational Holding Group.

This offer has a value of 308 fils per share, with the accumulation period starting on 10 October until 9 November, according to a bourse statement issued on Wednesday.

The National Investments Company was appointed to manage this acquisition deal.

Noteworthy, Educational Holding’s capital stands at KWD 24.53 million distributed on 245.30 million shares.

At the stock level, Boubyan Petrochemical closed Wednesday’s session 0.15% lower at 663 fils. Similarly, Educational Holding retreated 2.83% to close at 309 fils.