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Carbacid set to breach deadline for BOC takeover

Medical and industrial gases manufacturer BOC Kenya grew its net profit 6.5 percent to Sh108.3 million in the year ended December. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Carbacid #ticker:CARB is set to breach tomorrow’s deadline for buying a majority stake in BOC Kenya #ticker:BOC, with the company expected to extend its agreement with the target’s top shareholder BOC Holdings.

Carbacid had signed an agreement with the multinational which committed to sell its 65.38 percent stake in BOC provided the deal is completed by end of July.

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