By Elena Vardon

 

Diageo PLC said Monday that it has launched a partial tender offer to increase its stake in East African Breweries PLC to up to 65% from the 50.03% currently owned through its subsidiary Diageo Kenya Ltd.

The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka said the tender offer price is 192.00 Kenyan shillings ($1.53) an ordinary share with a maximum 118.4 million shares subject to the offer.

 

Write to Elena Vardon at elena.vardon@wsj.com

 

(END) Dow Jones Newswires

February 06, 2023 02:29 ET (07:29 GMT)

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