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)