In 2000, Diageo — which was formed in 1997 following the merger of Guinness Plc and Grand Metropolitan — acquired majority control of EABL, cementing its influence over the region’s largest brewer.
By
Dominic Omondi
Business Reporter
Nation Media Group
The Kenyan government is set for a major windfall in tax revenue from the sale of Diageo Plc’s 65 percent stake in East African Breweries Plc (EABL), underscoring the lucrative nature of mega corporate deals to the exchequer.
Spirits group will offload its 65% stake in EABL as it seeks to reduce debt
The fresh application by Bia Tosha comes barely a month after Justice Bahati Mwamuye dismissed a near-identical request on April…
adsFollowing Diageo’s multimillion-dollar sale of its 58.02 per cent stake in Guinness Nigeria to Singapore-based Tolaram Group…
Tanzanian billionaire Mohammed Dewji is preparing a $50 million soft drinks manufacturing plant in Kenya as he ramps up efforts…
Drinks maker cuts annual sale and profit forecast for second time in four months amid weak demand in US and China
The plans include a ban on the sale of alcohol in supermarkets, restaurants and on public transport.
