BOC Gases Changes Name, Logo After Acquisition by TY Danjuma

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By Dipo Olowookere

One of the players in the medical industry, BOC Gases Nigeria Plc, has changed its name to Industrial and Medical Gases Nigeria Plc.

This development followed the acquisition of the company by a businessman, Mr Theophilus Yakubu Danjuma, through one of his firms, TY Holdings Limited.

Recently, the former Minister of Defence in Nigeria acquired a 60 per cent stake in BOC Gases, taking his total shareholding to 72 per cent, making him the largest shareholder in the organisation.

This made the representatives of the former owners on the board, Hendrik Mentz de Waal and Joseph Ramashala, both non-executive directors, to exist BOC Gases, while efforts were made to change the corporate name and logo.

In a statement issued on Thursday and filed to the Nigerian Exchange (NGX) Limited, BOC Gases said it “has obtained a new certificate of incorporation from the Corporate Affairs Commission (CAC)” showing the new name, Industrial and Medical Gases Nigeria Plc.

It would be recalled that 14 years ago, the company adopted the now-rested BOC Gases Nigeria Plc.

Industrial and Medical Gases Nigeria is into industrial and medical gas production, sale of medical equipment and special gases.

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