BOC Kenya plc (BOCKL), also BOC Kenya, is a manufacturing company in Kenya. It manufactures and markets industrial and medical gases.
Location The company headquarters are located on Kitui Road, in the Industrial Area of Nairobi, Kenya's capital and largest city. The coordinates of the company headquarters are: 1°18'18.0"S, 36°51'02.0"E (Latitude:-1.304990; Longitude:36.850546).
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. The company is involved in the production and sale of industrial and medical gases, welding products, power tools and medical equipment.
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 lapsed.
Subsidiaries BOCKL maintains the following registered subsidiaries:
BOC Tanzania Limited – Dar es Salaam, Tanzania BOC Uganda Limited – Kampala, Uganda Kivuli Limited – Mombasa, Kenya East African Oxygen Limited – Dormant
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:
+ BOC Kenya plc Stock ownership Rank Name of ownerPercentage ownership 1 BOC Holdings* 65.38 2 Institutional & private investors at NSE 34.62 Total100.00
*BOC Holdings is a wholly owned subsidiary of Linde Group.
See also Nairobi Securities Exchange Economy of Kenya
References
External links Website of BOC Kenya plc BOC Kenya, CFC Stanbic chief executives quit