Buyout

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…

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…

Billionaire businessman Joel Kibe has filed a lawsuit against Old Mutual Holdings, seeking to buy it for a price likely to exceed Sh1 billion. Kibe accuses the insurance company of violating the rights of minority investors in favour of…

In a major development in the decentralized finance (DeFi) scene, DYDX Trading Inc., the company behind the eponymous decentralized exchange, is reportedly in talks to sell part of its derivatives trading platform…

Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company's purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s…

A Tanzania-based group with interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) offer to acquire the entire stake in Bamburi Cement in what would be one of the largest takeover deals in East…

NCBA Group has announced the completion of the acquisition of 66.67 percent of AIG Kenya Insurance Company to take full ownership of the company. The lender said it has obtained all necessary approvals from the Kenya Competition…

Former Bank of China chief Ngugi Kiona raised his stake in the company to 11.2% in the year to March 2024 from 8.56% the previous year, putting it above the threshold required to prevent a compulsory purchase of his shares in the subject…

By Aatreyee Dasgupta (Reuters) -U.S. Steel shareholders on Friday approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, as expected, taking the merger one step closer to completion even as political opposition to the…

Jeff Swensen/Getty Images News Alcoa (NYSE:AA) said late Monday it entered into a binding agreement to acquire Alumina Ltd. (OTCQX:AWCMF) (OTCQX:AWCMY) in an all-stock deal on terms consistent with the previously agreed transaction that…