CMA should review Carbacid-BOC Kenya deal
Friday January 29 2021
By JAINDI KISERO
Summary
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 the multinational owns in local oxygen manufacturer BOC Kenya.
If the deal succeeds, the local tycoon will have assumed control and dominant influence in the local market for medical oxygen and industrial gases as never witnessed in the market before.
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.