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HomeNews News EABL set to sell off its 10pc stake in Tanzania brewer
East African Breweries is set to sell its 10 per cent stake in Tanzania Breweries Ltd to the public prior to its acquisition of Serengeti Breweries. The East African brewing giant aims to control 49 per cent of Serengeti in Tanzania, an acquisition that will facilitate its expansion within the region. The sale of its shares in TBL to the public, stipulated by Tanzania Fair Competition Commission (FCC), will end the longstanding dispute with TBL over the acquisition of Serengeti shares.
written on 14.10.2010 um 05:10.
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