Deal Snapshot
Diageo Raises Equity Stake in EABL to 65%
Monday 27 March 2023

UK-based beverage alcohol company Diageo PLC has closed a partial tender offer for shares in Kenya-based beverage alcohol provider East African Breweries PLC (EABL), raising its equity stake in EABL from 50.03% to 65%, the company said.

Diageo's offer was conducted through its wholly-owned indirect subsidiary Diageo Kenya Ltd.

Date Published: 27/03/2023