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 […]
Tag: XNAI_CARB
BOC Kenya granted extension period by CMA to review takeover deal
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 […]
Unga Group Kicks Of The Week As Top Gainer Of The Day
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 […]
Unga Group Kicks Of The Week As Top Gainer Of The Day
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 […]
Carbacid Kenya: Dividend Book Closure 2024
Carbacid Investments shareholders on the Company’s Register of Members on 26th November 2024 to receive a Interim Dividend Payment of KES 1.7 per share on 18th December 2024
Carbacid 2021 AGM
Carbacid Kenya will hold its 2021 AGM on December 17th 2021 at 10:00 am via Electronic Means.
BOC Kenya acquisition on course
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 […]
Carbacid-BOC deal shows need for indigenisation
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 […]
Carbacid Investments Limited Bid to Acquire BOC Kenya Advancing
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 […]
Carbacid acquisition of BOC Kenya in the offing
[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 […]