The Capital Markets Authority (CMA) has queried and pushed East Africa Breweries Limited (EABL) to explain the brewer's raising of Sh16.8 billion through a bond and the announcement of the exit of its parent firm within a span of 35 days.
The brewer closed the multi-bil-lion-shilling bond on November 12, and its parent firm, Diageo, announced Tuesday that it had agreed to sell its 65 percent stake in EABL to Japan's Asahi Holdings for $2.354 billion (Sh303.5 billion).
