SABMiller sells Kenya Breweries stake for US$225m
The sale is subjects to East African Breweries disposing of its 20% shareholding in Tanzania Breweries by way of a public offer through the Dar-es-Salaam Stock Exchange.
SABMiller International has also agreed to terminate a brewing and distribution agreement with Kenya Breweries, which means Kenya Breweries will cease to distribute SABMiller's brands in Kenya after a short transitional period.
Source: I-Net Bridge
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