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Legal hurdles, shareholders opposition stall BOC takeover

Summary by peopledaily.digital

The planned acquisition of BOC Kenya Plc by Carbacid Investments Plc and Aksaya Investments LLP has lapsed, following years of legal hurdles that stalled the acquisition process. The two firms had initially made an offer in November 2020 to acquire up to 100 per cent of the issued ordinary shares of BOC Kenya, but a […]

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khusoko.com

BOC Kenya Takeover Bid Lapses After Prolonged Regulatory Delays

The long-delayed takeover bid for BOC Kenya has officially lapsed, concluding an acquisition attempt marked by regulatory disputes and strategic reassessments. BOC Kenya announced that Carbacid Investments PLC and Aksaya Investments LLP, the entities seeking to acquire the industrial gas company, have withdrawn their offer. This decision follows a reevaluation of the transaction’s viability. The [...] The post BOC Kenya Takeover Bid Lapses After…

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