The High Court has dismissed a petition by a former director of BOC Kenya seeking to halt takeover of the company by Carbacid Investments Plc and its affiliate Aksaya Investments LLP.
The court ruled that Lucy Njoroge was trying to use a constitutional petition to resolve a commercial row and that she had not shown she was a vulnerable shareholder having served on the board of the gases maker. Ms Njoroge resigned as a non-executive director in 2020 after the end of her second three-year term. She had served on the board since September 2014.
