Diageo ready to access additional EABL shares in open market

Beer production line at the EABL plant in Ruaraka, Nairobi. 

Photo credit: File | Nation Media Group

British multinational Diageo has left open the possibility of buying additional EABL shares from the open market at the Nairobi Securities Exchange (NSE) once its tender offer for an extra 14.97 percent stake in the brewer closes later this month.

The London-based firm, which is executing the acquisition of the additional stake through its wholly-owned subsidiary Diageo Kenya, ran the first phase of the tender between February 6 and 17, while the second phase opened on Monday, to run until March 17.

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