Luxembourg-based holding company Archroma Textiles is to acquire Clariant Pakistan from specialty chemicals supplier Clariant International. 

Archroma Textiles plans to buy Clariant's 75% stake in Clariant Pakistan, and raise its total holding to 87.5% through a public offer.

The parties have agreed on a purchase price of PKR3bn (US$29.7m), equivalent to PKR117.17 per share, which includes the company's debt. 

The offer acceptance period starts on 14 October, a spokesperson for Clariant told just-style today (20 August).