Tycoon Ngugi Kiuna's BOC Kenya stake soars after the buyout he fought collapsed
BOC Kenya shares have more than doubled since the Carbacid buyout collapsed, lifting the stake of Ngugi Kiuna, who opposed the offer as too low.
BOC Kenya
Ngugi Kiuna’s BOC Kenya eyes growth after Carbacid's failed deal
BOC Kenya, led by Ngugi Kiuna, targets independent growth after the collapse of its acquisition deal with Carbacid, refocusing on market expansion.
Kenyan tycoon Ngugi Kiuna bolsters stake in BOC Kenya to counter takeover attempt
According to the report, Kiuna purchased an additional 93,826 shares in BOC Kenya, amounting to a value of Ksh7.2 million ($63,400).
Kenyan beer tycoon Ngugi Kiuna ups stake in gas manufacturer, BOC Kenya
The acquisition solidifies Kiuna’s position in BOC Kenya as one of the company’s leading shareholders.