Top gainers The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were Stanbic Holdings, Stanlib Fahari Income – REIT, Sasini, Bamburi Cement, and Carbacid Investments. Stanbic Holdings gained 3.76 percent at the price of 89.75 shillings per share followed by Stanlib Fahari Income – REIT with 2.65 percent at the price […]
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG The Capital Markets Tribunal is yet to start hearings of a case in which Carbacid Investments’ proposal to acquire BOC Kenya for Sh63.5 per share has been opposed by a minority shareholder. Former BOC chairman […]
The spectre of a dead deal loomed when it emerged that an employee of BOC Kenya Plc, an industrial and medical gas manufacturing company, which is currently involved in an acquisition process by Carbacid Investments Ltd and Aksaya Investments LLP, filed a labour dispute in court against the company for a claim of Sh15 million. […]
CMA chief executive Wycliffe Shamiah. FILE PHOTO | NMG The Treasury has proposed legal amendments that will see the Capital Markets Tribunal resolve disputes, such as fallouts arising from mergers and acquisitions, within 90 days. The Finance Bill 2021 seeks to delete subsection 17 of Section 35A of the Capital Markets Act. This part of […]
PHOTO | COURTESY BOC Kenya has frozen the proposed takeover of the company pending guidance from the Capital Markets Authority (CMA). The freezing of the transaction that would have seen Carbacid Investments acquire the industrial gas manufacturer in just a few months follows the filing of an appeal with the Capital Markets Tribunal (CMT). “Pending […]
NAIROBI, KENYA: The proposed BOC gases takeover by Carbacid investments and Aksaya investments has been put on hold pending an appeal at the Capital Markets tribunal. In a cautionary statement to shareholders and investors, BOC said an appeal was filed on March 2 at the Capital Markets Tribunal (CMT) by a shareholder in respect to […]
NAIROBI, Kenya, Feb 25 – Listed investments firm Carbacid Investments (NSE: CARB) has announced an 18 percent after-tax profit jump in its half-year results. The results published today indicate that Carbacid Investments Limited (CIL) net profit for the half-year ended 31 January 2021 accelerated to Kshs 210 million up from Kshs 178 posted for the […]
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG Medical and industrial gas manufacturer BOC Kenya has told its shareholders to stop sending in forms committing to sell their shares to Carbacid Investments which has offered to acquire the company at Sh63.5 per share […]
Billionaire businessman Ngugi Kiuna is seeking the termination of the Carbacid Investments’ buyout of BOC Kenya after filing an objection to the deal at the Capital Markets Tribunal citing undervaluation. Mr Kiuna, a former BOC Kenya chairman, said the Capital Markets Authority (CMA) erred in approving the takeover by ignoring the undervaluation of BOC besides […]
Former BOC Kenya chairman Mr Ngugi Kiuna has petitioned the Capital Markets Tribunal to stop the BOC Kenya buyout by Carbacid Investments. According to Mr Kiuna who holds 1.4 million BOC shares equivalent to a 7.6 percent stake, BOC Kenya was undervalued in the deal and the Capital Markets Authority (CMA) erred in approving the […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.