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Tycoon in tribunal to block Carbacid takeover of BOC

Tycoon in tribunal to block Carbacid takeover of BOC
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaUnited kingdomNgugi kiunaJeremy robinowChris kirubiBaloobhai patelHeineken internationalCarbacid investments plcKunga groupOld mutual life assurance companyCentum investment companySeaboard corporationKenya plcCapital markets authorityProctor allanAksaya investments

BOC Kenya acquisition bid gets nod

THE STANDARD By Correspondent | February 1st 2021 at 11:35:32 GMT +0300 BOC MD Marion Gathoga (PHOTO: Wilberforce Okwiri) Carbacid Investments Plc (CIL) shareholders have approved the acquisition of up to 100 per cent of the shareholding of BOC Kenya Plc (BOC) in an offer announced last November. The proposal was approved at CIL’s 49th shareholders’ annual general meeting (AGM). BOC produces and supplies industrial, medical and special gases while CIL’s main operating subsidiary Carbacid (CO2) Ltd produces natural food-grade carbon dioxide extracted from natural underground reservoirs. Last November, CIL and Aksaya Investment LLP notified BOC of their intention to make a joint takeover bid to acquire up to 100 per cent of the shares of BOC, being 19.52 million ordinary shares with a par value of Sh5 for a cash consideration of Sh63.50 per share (offer).

Dennis aworiMarion gathogaCarbacid investments plcKenya plcAksaya investmentsWilberforce okwiriInvestments plcகேந்ய ப்ல்முதலீடுகள் ப்ல்

Carbacid-BOC deal shows need for indigenisation

Carbacid-BOC deal shows need for indigenisation Thursday December 24 2020 A BOC worker prepares cylinders for refill at the company’s Industrial Area plant. FILE PHOTO | NMG By GEORGE BODO Both Carbacid and BOC are the leading players in the industrial and medical gas market. BOC Kenya Plc’s ultimate majority shareholder is BOC Holdings of United Kingdom while Carbacid is a locally-domiciled company. The buy-out, upon fruition, will create the largest industrial and medical gases producer in Kenya. 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 a shift in the flow of capital.

United kingdomPwani oil productsHoldings of united kingdomCarbacid investmentsKenya plcCarbacid investments limitedAksaya limitedPwani oilஒன்றுபட்டது கிஂக்டம்ஹோல்டிங்ஸ் ஆஃப் ஒன்றுபட்டது கிஂக்டம்கேந்ய ப்ல்

Kenya: Carbacid Investments Limited Bid to Acquire BOC Kenya Advancing

Kenya: Carbacid Investments Limited Bid to Acquire BOC Kenya Advancing
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi areaDennis aworiCarbacid investments limitedKenya plcAksaya investmentsEast africaCapital markets regulationsCompounded annual growth rateUnited kingdom basedநைரோபி பரப்பளவுகேந்ய ப்ல்மூலதனம் சந்தைகள் ஒழுங்குமுறைகள்ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது

BOC Kenya acquisition on course

BOC Kenya acquisition on course
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Dennis aworiCarbacid investmentsKenya plcAksaya investmentsCarbacid investments limitedCapital markets regulationsCompounded annual growth rateUnited kingdom basedகேந்ய ப்ல்மூலதனம் சந்தைகள் ஒழுங்குமுறைகள்ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது