Diageo gets approval to buy 14.97% stake in Kenya's EABL
Diageo Kenya, a unit of Diageo Plc, has received regulator approval to buy an extra 14.97% stake in Kenya's East African Breweries, it said on Friday, 27 January.
Source: Reuters/Thomas Mukoya
The stake, representing up to 118.4 million shares at an offer price of 192.00 shillings per share, would push Diageo's shareholding in East African Breweries by a third to 65%, Diageo had said in October when it first announced its intention to buy the extra shares.
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Reporting by George Obulutsa; Editing by Himani Sarkar and Subhranshu Sahu