{"id":6781,"date":"2012-01-06T20:23:01","date_gmt":"2012-01-06T18:23:01","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/huge-demand-for-eabls-stake-in-tanzania-breweries\/"},"modified":"2012-01-06T20:23:01","modified_gmt":"2012-01-06T18:23:01","slug":"huge-demand-for-eabls-stake-in-tanzania-breweries","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/huge-demand-for-eabls-stake-in-tanzania-breweries\/","title":{"rendered":"Huge demand for EABL&#8217;s stake in Tanzania Breweries"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Kenyan brewer raises $76.42 mln in share sale<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Foreign investors show strong appetite for shares<\/p>\n<p><span><\/span><\/p>\n<p>* Locals buy more than half of shares on offer<\/p>\n<p><span><\/span><\/p>\n<p>DAR ES SALAAM, Jan 6 (Reuters) &#8211; East African<br \/>\nBreweries said on Friday the sale of its 20 percent<br \/>\nstake in SABMiller&#8217;s Tanzanian unit was heavily<br \/>\noversubscribed, with foreign investors showing plenty of<br \/>\nappetite.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts said Tanzania Breweries Limited enjoyed a<br \/>\nhuge lead in a market seen as offering significant growth<br \/>\nopportunities, hence the massive investor appetite for the<br \/>\nshares of a firm that has a record of making good profits.<\/p>\n<p><span><\/span><\/p>\n<p>EABL, which is controlled by Britain&#8217;s Diageo, was<br \/>\nselling 59 million shares in Tanzania Breweries, after it<br \/>\npurchased a stake in rival Serengeti Breweries in order to go it<br \/>\nalone in east Africa&#8217;s second largest economy.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Applications were received &#8230; for a total of 144,462,780<br \/>\nshares, representing approximately 245 per cent of the number of<br \/>\noffer shares available,&#8221; EABL said in a statement.<\/p>\n<p><span><\/span><\/p>\n<p>Foreign investors applied for a total of 111,852,540 shares,<br \/>\nwhich were priced at 2,060 shillings ($1.30) per share, but were<br \/>\nallocated 26,375,453 shares, or 44.72 percent of the shares on<br \/>\noffer.<\/p>\n<p><span><\/span><\/p>\n<p>Local investors applied for 32,586,640 shares and were<br \/>\nallocated all the shares, equivalent to 55.24 percent of the<br \/>\ntotal shares on offer, with investors from other east African<br \/>\nnations applying for and picking up 23,600 shares or just 0.04<br \/>\npercent of the stake on offer.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Kenyan brewer raises $76.42 mln in share sale * Foreign investors show strong appetite for shares * Locals buy more than half of shares on offer DAR ES SALAAM, Jan 6 (Reuters) &#8211; East African Breweries said on Friday the sale of its 20 percent stake in SABMiller&#8217;s Tanzanian unit was heavily oversubscribed, with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6781","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6781"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6781\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}