Listed brewer EABL is set to spend Sh426 million to buy out minority shareholders in its subsidiary Uganda Breweries Limited (UBL) through a tender offer that opened on Tuesday.
EABL, which owns a 98.19 percent stake in the Ugandan brewer, said in a notice on Tuesday that it will seek to purchase the remaining 1.81 percent stake or 2.18 million shares at a price of Ush5,630 (Sh195.42) each.
