KENYA: Government approves Castle takeover
By just-drinks.com editorial team | 24 June 2002
According to reports, the Kenyan government has given the go-ahead for the takeover of Castle Brewing Kenya (CBK), the South African Breweries subsidiary, by Diageo-owned East African Breweries Ltd (EABL). Finance Minister, Chris Obure, said in the Kenya Gazette that he had authorised the deal which was announced last month with the loss of around 1,000 jobs at the Thika brewery.
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According to reports, the Kenyan government has given the go-ahead for the takeover of Castle Brewing Kenya (CBK), the South African Breweries subsidiary, by Diageo-owned East African Breweries Ltd (EABL). Finance Minister, Chris Obure, said in the Kenya Gazette that he had authorised the deal which was announced last month with the loss of around 1,000 jobs at the Thika brewery.
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