East African Breweries Raises Stake in Serengeti to 85%

Serengeti Breweries Limited is the second-largest beer company in Tanzania, with its beer brands accounting for over 25% of the market by volume. It has three operating plants in Dar es Salaam, Mwanza and Moshi.

East African Breweries Limited has completed the acquisition of an additional 30 per cent stake in Serengeti Breweries Limited to take its total holding in the company to 85 per cent. “On 21 October 2020 and on 6 November 2020, EABL completed the acquisition of 13.3 per cent and 16.7 per cent, respectively, of shares … Continue reading East African Breweries Raises Stake in Serengeti to 85%