Millionaire investors in Safaricom cross 10,000
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
BOC Kenya fails to recommend Carbacid buyout
Monday February 22 2021
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG
By VICTOR JUMA
Summary
The decision comes after an independent adviser hired to review the transaction declared that Carbacid s offer to buy BOC Kenya at Sh63.5 per share undervalues the industrial and medical gases manufacturer by 30.8 per cent.
Dyer and Blair Investment Bank wrote to the board of BOC, stating that the company has a fair value of Sh91.76 or an aggregate of Sh1.7 billion.
This is Sh552 million more than Carbacid s total bid price of Sh1.2 billion.
BOC profit up 88pc on rise in oxygen demand
Tuesday February 23 2021
BOC, which has operated in Kenya since 1940, produces and supplies industrial, medical and special gases. FILE PHOTO | NMG
By VICTOR JUMA
Summary
The Nairobi Securities Exchange-listed firm posted a net income of Sh105.2 million in the review period compared to Sh55.9 million a year earlier.
This came as sales increased 12.5 percent to Sh1 billion from Sh975.8 million.
BOC’s financial performance in the review period is based on unaudited management accounts.
BOC Kenya’s #ticker:BOC net profit jumped 88 percent in the year ended December, partly helped by increased demand for oxygen in hospitals caring for coronavirus patients who need assisted breathing.
Scangroup suspends its founder, CEO over gross misconduct
Friday February 19 2021
By VICTOR JUMA
Mr Thakrar, 69, was suspended alongside the chief finance officer Satyabrata Das, effective today.
“WPP-Scangroup Plc announces that the board of directors has suspended the employment of the Chief Executive Officer, Mr Bharat Thakrar and the Chief Finance Officer, Mr Satyabrata Das to allow for an investigation into allegations of gross misconduct and possible offences in their capacity as senior executives and employees of the company,” the Nairobi Securities Exchange-listed firm said in a statement.
“Further announcements concerning this matter will be made when appropriate. For the time being, therefore, shareholders and investors are advised to exercise caution when dealing in the company’s securities.”
vimarsana © 2020. All Rights Reserved.