Prime

BOC targets Carbacid’s carbon business after takeover bid flop

The BOC Kenya plant in Nairobi’s Industrial Area. BOC is determined to enter the carbon dioxide market where it has hopes for renewed double digit profits growth and steady dividend payout to its shareholders. Photo/FILE

Industrial gas manufacturer BOC Kenya plans to enter the carbon dioxide (C02) market, setting the stage for a bruising battle against rival Carbacid Investment — the sole operator in the lucrative business.

The move comes after BOC withdrew from a botched-up four-year takeover bid of Carbacid that ended up in court after it was rejected by the Capital Markets Authority.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME In Kenya’s connected economy, risk doesn’t stop at a firm’s door

  2. PRIME Turkana’s potential to become a major gold mining economy

  3. PRIME Inside Sh15bn IPO pay for Quickmart owners

  4. PRIME Banks expect borrowing costs to fall on unchanged CBK benchmark rate

In the headlines

View All