Don't know what to say...they need new energy in TZ and UG

Multinational brewer Diageo is set to walk away with approximately Sh1.78 billion from the special dividends that its subsidiary East African Breweries Limited (EABL) has declared from the sale of its glass-making business.

The regional brewer has announced a special payout of Sh4.50 per share that will see Diageo, which owns 50.03 per cent of the brewer (395.6 million of the firm’s issued shares) get a tidy payout.

EABL sold off Central Glass Industries (CGI) to South Africa’s Consol Glass in September for Sh4.5 billion.

The beer maker had initially told its shareholders that the money would go towards reducing existing debt and investing in its core business.

http://www.businessdaily...48/-/a5bv0i/-/index.html

[quote=murchr]Multinational brewer Diageo is set to walk away with approximately Sh1.78 billion from the special dividends that its subsidiary East African Breweries Limited (EABL) has declared from the sale of its glass-making business.

The regional brewer has announced a special payout of Sh4.50 per share that will see Diageo, which owns 50.03 per cent of the brewer (395.6 million of the firm’s issued shares) get a tidy payout.

EABL sold off Central Glass Industries (CGI) to South Africa’s Consol Glass in September for Sh4.5 billion.

The beer maker had initially told its shareholders that the money would go towards reducing existing debt and investing in its core business.

http://www.businessdaily...8/-/a5bv0i/-/index.html[/quote]
I prefer EABL paying down the debt during these uncertain times...