Kenya-based East African Breweries Limited (EABL) has announced plans to increase its ownership in Serengeti Breweries Limited (SBL) based in Tanzania to 85% from 55%.

In a statement, the company said “EABL intends to enter into a conditional transaction to purchase an additional 30% shareholding in Serengeti Breweries. Completion of the transaction is subject to various regulatory approvals in Kenya and Tanzania.”