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Diageo has kicked off the first phase of its plan to buy an additional 118.4 million shares in East African Breweries Plc, with priority for allocation given to early bidders.
British multinational Diageo will give EABL shareholders who were on the brewer’s books by January 16 and early bidders the first priority.
East African Breweries Plc (EABL) reported flat growth in net income in the half year ended December.
Kenya Breweries Limited (KBL) plans to double its solar utilisation to 15 per cent in the next four years as it accelerates its shift to renewable energy.
EABL remains one of the most efficient firms in generating returns on shareholder funds at the Nairobi Securities Exchange.