BusinessDay

TY Holdings becomes majority shareholder in BOC Gases Nigeria

…raises equity stake to 75%

BOC Gases Nigeria Plc has notified Nigerian Exchange Limited (NGX) and the investing public that TY Holdings Limited has acquired additional 249,746,823 ordinary shares in BOC Gases Nigeria Plc, being 60percent of the entire shares in the Company previously owned by BOC Holdings UK (a member of the Linde Group).

Read also: Host communities get fair deal in new oil law

This purchase is in addition to the existing 12percent 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 72percent.

This change in the ownership of BOC Gases Nigeria Plc became effective on August 13, 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.

BOC Gases Nigeria is engaged in the manufacture of industrial and medical gases and the sale of special gases, welding and medical equipment with a network of distributors and agents across the country.

Established in 1989, TY Holdings Limited is a Private Limited Company based in Lagos, with five branches, subsidiaries and associated companies.