Today, Diageo Kenya Ltd., a unit of Diageo Plc, has received regulatory approval to increase its stake in Nairobi-based East African Breweries PLC (EABL) by another14.97% up to 65%. The plan to raise its stake in the company from the current 50.03% through a partial tender offer had already been announced in October. (inside.beer, 14.10.2022)
Diageo is spending 22,7 billion KES (approx. USD 180m) to buy 118.4 million shares in EABL.This gives investors a 39% premium over the market price on Thursday 13th October 2022.