BOC Kenya Limited
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| Company type | Public |
|---|---|
| KN: BOC | |
| Industry | Mafufacture of medical & industrial gases |
| Founded | 9 December 1940 in Mombasa, Kenya |
| Headquarters | Nairobi, Kenya |
Key people | Ngungi Kiuna Chairman Millicent Onyonyi Executive Director[1] |
| Products | List
|
| Revenue |  Aftertax: KES:101,255,000 (US$1,017,000) (H1:2013) |
| Total assets | KES:1.975 billion (US$19.84 million) (H1:2013) |
| Website | Homepage |
BOC Kenya plc (BOCKL), also BOC Kenya, is a manufacturing company in Kenya. The company manufactures and markets industrial and medical gases.[2]
Overview
BOCKL is a subsidiary of the Linde plc, an international manufacturing and engineering conglomerate founded in Germany in 1879, with subsidiaries in over 100 countries.[4] The company is involved in the production and sale of industrial and medical gases, welding products, power tools and medical equipment.[1][5][6]
History
In December 2005, BOC Kenya plc attempted to take over the shareholding in Carbacid Investments, with the aim of making it a wholly owned subsidiary. However, BOC Kenya did not receive the 80 percent acceptance threshold from Carbacid shareholders, managing only 71 percent. This led to a dispute between BOC Kenya and the Capital Markets Authority. Both the BOC Kenya and Carbacid stocks remained suspended from trading on the NSE from 2005 until 2009 when the hostile takeover offer had lapsed.[7]
Subsidiaries
Ownership
The shares of BOC Kenya plc are listed on the NSE, where they trade under the symbol BOC. The shareholding in the stock of the company are illustrated in the table below:[8]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | BOC Holdings 1 | 65.38 |
| 2 | Institutional & Private Investors at NSE | 34.62 |
| Total | 100.00 |
BOC Holdings is a wholly owned subsidiary of Linde Group.