Carbacid Investments PLC’s (CIL) shareholders have on Friday, approved 100% acquisition of BOC Kenya Plc (BOC) in a deal valued Kshs. 1.2 billion. The proposal was voted upon and approved at CIL’s 49 th Annual General Meeting following a bid placed in November 2020. On 25 th November 2020, CIL and Aksaya Investment LLP as […]
BOC gas filling plant in Industrial area. Photo/File Carbacid Investments PLC’s (CIL) shareholders on Friday approved the acquisition of up to 100 per cent of the shareholding of BOC Kenya Plc (BOC). The proposal was voted upon and approved at CIL’s 49th annual general meeting of the shareholders (AGM), bringing to a near closure of […]
Billionaire investor Baloobhai Patel. FILE PHOTO | NMG The local business acquisition artist and majority shareholder in listed medical gases manufacturer, Carbacid Investment Plc, Baloobhai Chotobhai Patel is on to a good thing. Companies he controls have signed an irrevocable agreement with BOC Holdings Ltd, whereby they will purchase the 65 percent majority stake which […]
NAIROBI, Kenya, Jan 24- BOC Kenya has been granted an extension period by the Capital Markets Authority to issue their shareholders with the Takeover offer Document and the Offeree Circular by Friday 5th February 2021, an extension from the proposed Monday 25th January 2021. The firm through a statement said the period will allow more […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
An investor looks at the digital board at the Nairobi Stock Exchange(NSE)/FILE Safaricom’s command at the Nairobi Securities Exchange dropped below 50 per cent for the first time in three years, illustrating Covid-19 economic pressure on the bourse. According to the NSE end year barometer, the telco in 2020 commanded 48.3 per cent of total […]
The intended offer to acquire BOC Kenya Plc by listed Carbacid Investments Limited in collaboration with Aksaya Investments LLP has moved a stage further with the two entities fulfilling their legal obligation to serve on BOC an Offeror’s Statement. In response to the service and in compliance with the Capital Markets Regulations governing takeovers and […]
A BOC worker prepares cylinders for refill at the company’s Industrial Area plant. FILE PHOTO | NMG The offer by Carbacid Investments Limited #ticker:CARB together with the Baloobhai family (through their vehicle Aksaya Limited) to acquire all outstanding shares of BOC Gases #ticker:BOC for a total cash consideration of Sh1.24 billion (about $11.3 million) represents […]
NAIROBI, Kenya, Dec 14 – The intended offer to acquire BOC Kenya Plc the NSE listed and a leading supplier of industrial, medical and special gases in East Africa by listed Carbacid Investments Limited (CIL) in collaboration with Aksaya Investments LLP has moved a stage further with the two entities fulfilling their legal obligation to […]
[IMAGE/COURTESY] Carbacid Investments Limited (CIL) in partnership with Aksaya Investments LLP have moved a step further with t he intended offer to acquire BOC Kenya Plc, a leading supplier of industrial, medical and special gases in East Africa. The two entities have escalated the acquisition process by fulfilling their legal obligation to serve on BOC […]
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