Labour dispute delays BOC Kenya buyout plan
Monday February 08 2021
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG
By VICTOR JUMA
Summary
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 hearing on February 9, 2021.
The court case has interrupted BOC’s takeover timetable, with the publication of documents relating to the buyout being delayed once again.
The takeover offer documents were due to be circulated on February 5, 2021.
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.