KB has also agreed to terminate a brewing and distribution agreement with SAB Miller International and will cease to distribute SAB Miller's brands in Kenya after a “short transitional period”.
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Diageo buys SAB's stake in Kenya Breweries
07 June, 2011
Diageo subsidiary East African Breweries (EAB) has purchased all of SAB Miller’s 20% shareholding in Kenya Breweries (KB). The transaction is worth US$225 million. The deal is subject to EAB disposing of its 20% shareholding in Tanzania Breweries – by way of public offer through the Dar-es-Salaam Stock Exchange.
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Ben Branson
Ben Branson on the future of non-alc spirits
In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.
