Diageo seeking to aggregate its share holding in East Africa Breweries Limited through intra-group share transfer

KENYA – Diageo plc, multinational alcoholic beverages company, holding 50.03% stake in East African Breweries Limited (EABL) through three of its wholly owned subsidiaries i.e. Diageo Kenya Limited, Guinness Overseas Limited and Diageo Holdings Netherlands B.V is seeking to transfer all its EABL shares to Diageo Kenya. According to a statement by EABL, Diageo plc holds 395,608,434 ordinary shares of the company with Diageo Kenya Limited having 338,618,340 shares (42.82%); Guinness Overseas Limited holding 20,628,804 shares (2.61%) and Diageo Holdings Netherlands B.V. securing 36,361,290 shares (4.6%). The move is part of…

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