Gas: Proposed merger would create East Africa's largest gas company

A proposed merger between BOC Kenya and Carbacid Investments, will create East Africa's largest multi-product gas company.

If the deal goes through, Carbacid shareholders will become shareholders in BOC Kenya, while Carbacid will be de-listed from the Nairobi Stock Exchange.

The Standard, reports that the merger is, "subject to the fulfilment, waiver, observance of certain conditions including receipt of shareholder approvals from both BOC Kenya and Carbacid, and receipt of all requisite regulatory approvals."