Carbacid Investments Plc’s (CIL) shareholders have approved the acquisition of up to 100 percent of the shareholding of BOC Kenya Plc (BOC) pursuant to the offer that was announced in November 2020. The proposal was voted upon and approved at Carbacid’s 49th annual general meeting of the shareholders.
On 25th November 2020, CIL and Aksaya Investment LLP as Co-Offerors notified BOC of their intention to make a joint takeover offer to acquire up to 100 percent of the shares of BOC, being 19,525,446 ordinary shares with a par value of Kes 5.00 for a cash consideration of Kes 63.50 per share (Offer).
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