EABL investor wants Asahi to make mandatory offer to all shareholders
Kenya | Is this turning into an EABL saga? A minority shareholder of EABL has asked Kenya’s authorities to compel Asahi to make a mandatory takeover offer to all investors – the latest legal headwind to face the USD 2.3 billion deal. So far, Asahi is only seeking to buy out Diageo’s 65 percent stake in the local beer and beverages group for about KES 590 (USD 4.60) per share. EABL is currently trading at approximately KES 250 (USD 1.95) per share.
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