Diageo Launches Tender Offer to Increase Stake in East African Breweries
February 06 2023 - 2:44AM
Dow Jones News
By Elena Vardon
Diageo PLC said Monday that it has launched a partial tender
offer to increase its stake in East African Breweries PLC to up to
65% from the 50.03% currently owned through its subsidiary Diageo
Kenya Ltd.
The London-based maker of Johnnie Walker Scotch whisky, Guinness
stout and Smirnoff vodka said the tender offer price is 192.00
Kenyan shillings ($1.53) an ordinary share with a maximum 118.4
million shares subject to the offer.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
February 06, 2023 02:29 ET (07:29 GMT)
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