Business
Close of partial tender offer for shares in EABL
Close of partial tender offer for shares in EABL.
About this update from Diageo Plc
[{"type":"text","content":"\n \n \n \n Close of partial tender offer for shares in East African Breweries PLC\n \n \n \n \n 24 March 2023, London\n \n : Diageo, through its wholly-owned indirect subsidiary Diageo Kenya Limited (\"Diageo Kenya\"), is pleased to announce that it has successfully completed the partial tender offer to increase its aggregate equity stake in East African Breweries PLC (\"EABL\") from the current 50.03% to 65% (the \"Tender Offer\").\n \n \n Noting that the Tender Offer was oversubscribed, Diageo Kenya applied the scale-down mechanism, specified in the Tender Offer Document, to purchase a pro-rata proportion of the shares that were tendered.\n \n \n \n For further information please contact:\n \n \n \n \n Investor relations\n \n :\n \n \n Durga Doraisamy +44 (0) 7902 126 906\n \n \n Andy Ryan +44 (0) 7803 854 842\n \n \n [email protected]\n \n \n \n Media relations\n \n :\n \n \n Clare Cavana +44 (0) 7751 742 072\n \n \n Isabel Batchelor +44 (0) 7731 988 857\n \n \n [email protected] \n \n \n \n About EABL\n \n \n \n EABL is a regional leader in beverage alcohol with an exceptional collection of brands across beer and spirits. Although the business is concentrated on three core markets of Kenya, Uganda and Tanzania, its products are sold in more than 10 countries across Africa and b...