The paper wealth of minority investors in East African Breweries Plc (EABL) increased by Sh13.2 billion or 18.94 percent on Thursday, on news that the majority shareholder Diageo Plc was selling its 65 percent stake to Japan’s food and beverage firm Asahi for an equivalent of Sh590.5 per share.
The brewer’s stock on Thursday rallied to a new 52-week high of Sh299.75, rising from Wednesday’s closing price of Sh252 in a move that boosted the wealth of EABL’s minority investors holding a 35 percent stake in the firm.
