27 January, 2023

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.

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