Kenya: Diageo gets regulatory approval to increase stake in Kenya's East African Breweries

Diageo Kenya, a unit of Diageo Plc, has received regulatory approval to buy an extra 14.97% stake in Kenya's East African Breweries, it said on Friday, 27 January.

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.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .