British multinational Diageo has disclosed that it spent £4 million (Sh733 million) on transaction fees when buying an additional 14.97 percent stake in EABL earlier this year, landing local firms that advised on the deal a healthy payday.
Diageo bought 118.394 million shares at a unit price of Sh192 in the oversubscribed offer, valuing the deal at Sh22.7 billion.
