BOC Kenya expects its recent takeover of Carbacid Investments to strengthen its regional presence and profitability.
The companys managing director, John Kamau, told the Kenyan-based The Standard newspaper that the companys profitability streak would be maintained after the deal is completed.
He said: ‘The takeover will deliver better earnings due to a diversified portfolio of products and the benefits of a strong regional presence. The deal will enable BOC to strengthen its regional presence as the company would embark on a major growth strategy.’
BOC Kenya is seeking to takeover the operations of Carbacid whose interests range from mining to supply of carbon dioxide gas.
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