Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

drinktec

EABL says to buy SABMiller stake in Kenyan brewer

East African Breweries Ltd has agreed to buy a 20 percent stake in its Kenyan unit from South Africa's SABMiller Africa for about 19.53 billion shillings ($225 million), EABL said on Monday.

"EABL... has agreed to purchase all of SABMiller Africa BV's 20 percent shareholding in Kenya Breweries Limited (KBL) for cash consideration of the US dollar equivalent of 19,528,062,600 Kenyan shillings, subject to disposal of its 20 percent shareholding in Tanzania Breweries Limited by way of public offer," EABL said in a statement published in newspapers.

"KBL has also agreed to terminate a brewing and distribution agreement with SABMiller International BV and will cease to distribute SABMiller's brands in Kenya after a short transitional period," it said. ($1=86.80 Kenyan Shilling)

7 Jun. 2011

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×