Gas Cylinder, Rungas Industries, Lanre Runsewe

BOC Gases Nigeria Plc has released a notification, alerting its shareholders and the Nigerian Stock Exchange (NSE), that by the virtue of a merger between Linde Aktiengesellschaft (Linde AG) and Praxair Inc, Linde Plc has become the parent company of both organisations. The merger was concluded on the 31st of October 2018.

According to the notice, Linde Plc now holds an indirect beneficial interest in BOC UK and also, indirect beneficial ownership in BOC Gases Nigeria Plc, through its 92% interest in
Linde AG.

It further stated,

“We confirm that following the merger, BOC UK will continue to hold all the shares it currently holds in BOC Gases Nigeria PLC, and that none of these shares will be transferred by BOC UK to any other person as a direct consequence of the merger. Please note that BOC Holdings Limited UK (“BOC UK”) holds 249,746,823 shares representing 60% of the issued shares of BOC Gases Nigeria PLC.”

Linde AG is a company registered in Germany and listed on the Frankfurt Stock Exchange and Praxair Inc. is a company registered in the United States of America and formally listed on the New York Stock Exchange.

The Linde Group is a world leading supplier of industrial, process and speciality gases and one of the most profitable engineering companies. Linde products and services can be found in nearly every industry, in more than 100 countries.

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