Seven chief executives joined corner offices at Nairobi Securities Exchange-listed firms in 2021, filling vacancies that were created by various circumstances.
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).