BOC Kenya has opted not to recommend the company’s takeover by Carbacid Investments to its shareholders, marking a rare instance where the board of a Nairobi Securities Exchange-listed firm has opted to sit on the fence while it is being acquired. The decision comes after an independent adviser hired to review the transaction declared that […]
BOC MD Marion Gathoga (PHOTO: Wilberforce Okwiri) Carbacid Investments Plc (CIL) shareholders have approved the acquisition of up to 100 per cent of the shareholding of BOC Kenya Plc (BOC) in an offer announced last November. The proposal was approved at CIL’s 49th shareholders’ annual general meeting (AGM). BOC produces and supplies industrial, medical and […]
An employee of BOC Kenya #ticker:BOC has obtained court orders stopping the sale of the company to Carbacid Investments #ti until his claim of Sh15 million is addressed. Mr Brian Busiyile Simiyu filed a case before Nairobi’s Employment and Labour Relations Court which ordered that the takeover of BOC by Carbacid be suspended pending a […]
PHOTO | COURTESY The takeover of BOC Kenya by Carbacid Investments has run into new headwinds with BOC yet to serve its shareholders with the takeover offer documents. In a notice on Friday, BOC informed its shareholders that it would not circulate the documents as planned pending the resolution of undefined issues. “This is to […]
Nairobi — The recently announced Sh1.2 Billion takeover offer of BOC Kenya Plc by Carbacid Investments Limited in collaboration with Aksaya Investments LLP is set to further deepen the industrial sector development in Kenya. Carbacid Investments Limited Chairperson Dennis Awori said the proposed transaction will result in Kenyan control of the firm, which currently features […]
NAIROBI, Kenya, Feb 2 – The recently announced Sh1.2 Billion takeover offer of BOC Kenya Plc by Carbacid Investments Limited in collaboration with Aksaya Investments LLP is set to further deepen the industrial sector development in Kenya. Carbacid Investments Limited Chairperson Dennis Awori said the proposed transaction will result in Kenyan control of the firm, […]
Billionaire investor Baloobhai Patel. PHOTO | FILE Since the announcement of Carbacid Investments PLC intending to acquire 100 percent shareholding of BOC Kenya Plc, there has been concern that the market will fall into the hands of a monopoly. It reminds me of Tuskys announcing its intention to acquire Nakumatt and the uproar that the […]
Dublin-based Linde Group approached Carbacid Investments to acquire its local subsidiary BOC Kenya, initiating the transaction that is now progressing through various regulatory processes. Carbacid made the disclosure during its virtual annual general meeting held on Friday last week. “Linde had made a decision to exit Kenya and other markets … They approached us and […]
NAIROBI, Kenya, Jan 30 – Carbacid Investments PLC’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya Plc (BOC) pursuant to the offer that was announced in November 2020. The proposal was voted upon and approved at CIL’s 49 th annual general meeting of the shareholders (AGM). […]
Carbacid Investments PLC’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya Plc (BOC) pursuant to the offer that was announced in November 2020. The proposal was voted upon and approved at CIL’s 49 th annual general meeting of the shareholders (AGM). On November 25, 2020, CIL […]
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