Equities Hit High Record of Sh32 billion on the EABL Acquisition.

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The East African Breweries Ltd (EABL) extra share acquisition by British multinational Diageo, which was successfully completed for Sh22.7 billion, increased the monthly equity turnover at the Nairobi exchange to a new high of Sh32.37 billion in March.

The corporation paid Sh192 per share for 118.4 million shares in the brewer, for a total purchase price of Sh22.7 billion.

The outlier increased the total for the month to Sh32.37 billion, a seven-fold increase month over month from the Sh4.61 billion in shares traded in February, and increased the total for the first quarter of the year to Sh44.8 billion from Sh17.5 billion in the fourth quarter of 2022. Block transactions were included to the daily NSE pricing list barely a few weeks after the bourse.

Business Daily

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