Browsing: East African Breweries Limited (EABL)

Diageo Plc’s Kenyan unit has completed the partial tender offer to increase its aggregate equity stake in East African Breweries from 50.03%…

Diageo Plc plans to acquire an additional 118.4 million shares in EABL through Diageo Kenya Limited, raising its stake to 65 per cent from 50.03 per cent.

If the CMA approves Diageo Kenya’s shares purchase, the buyer will push its shareholding from 50.03 per cent to 65 per cent (514,003,331 shares).

East African Breweries Limited (EABL) posted $76.6 million in its half profit to December 2021 from $33.11 million earned in…