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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. ....
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.
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.