Category: EABL
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Investors in EABL Uganda unit eye major windfall in buyout
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Minority shareholders in Uganda’s EABL subsidiary Uganda Breweries Limited (UBL) are set to receive a windfall of up to 34 times their historical investment in the company when they sell their 1.81 percent stake to EABL through a tender that opened a week ago. Files in EABL’s 2024 annual report…
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EABL to spend Sh426m on full buyout of Ugandan subsidiary
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Listed brewer EABL is set to spend Sh426 million to buy out minority shareholders in its subsidiary Uganda Breweries Limited (UBL) through a takeover bid that opened on Tuesday. EABL, which owns a 98.19 percent stake in the Ugandan beer company, said in a filing on Tuesday it would seek…