Stanbic Bank Kenya earned close to Sh1 billion revenue from the transaction in which British multinational Diageo acquired an additional 14.97 percent stake in East African Breweries Plc (EABL).
Joshua Oigara, the chief executive for Stanbic Bank Kenya and South Sudan, said in an interview the Diageo deal, which was midwifed by SBG Securities, a wholly-owned subsidiary of Stanbic Bank Kenya, was a “very significant” transaction for the group in the year ended December 2023.
