Diageo: launches takeover bid on East African Breweries
(CercleFinance.com) - Diageo, through its indirect wholly owned subsidiary, Diageo Kenya Limited, announces that it has launched a partial takeover bid to increase its overall shareholding in East African Breweries PLC ("EABL") from its current 50.
03% to a maximum of 65%.
The tender offer price is Kshs 192.00 per ordinary share and the maximum number of shares subject to the tender offer is 118,394,897.
The offer period will run from 6 February 2023 to 17 March 2023.
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