BOC Gases Nigeria Plc has announced that TY Holdings Limited, owned by retired Nigerian Army Lieutenant General, Theophilus Yakubu Danjuma, has acquired additional 60 per cent shares of the company.
This makes TY Holdings the majority shareholder of the company with 72 per cent shares, the company said on Wednesday in a statement.
In the fresh deal, TY Holdings acquired additional 249,746,823 ordinary shares in BOC Gases, a company previously owned by BOC Holdings UK.
“This purchase is in addition to the existing 12 per cent shares of the Company owned by TY Holdings Limited prior to this transaction bringing the ownership of TY Holdings Limited in BOC Gases Nigeria Plc to 72 per cent,” BOC Gases said.
The company said the deal gives TY Holdings the ownership of the BOC Gases.
BOC Gases said, “This change in the ownership of BOC Gases Nigeria Plc is effective today 13th day of August 2021.
“BOC Gases Nigeria Plc assures its esteemed shareholders and the public that the Company will make certain that it sustains the reputation and standing it has built for over the last 62 years.”
The Whistler
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