Diageo (DEO) has appointed Bank of America (BAC) and Goldman Sachs (GS) to conduct a strategic review of its holding in East African Breweries, Bloomberg News reported Monday, citing people familiar with the matter.
Options under consideration may include the sale of East African Breweries' beer business alone, potentially valued at around $2 billion in a deal, the unnamed sources told the news outlet.
East African Breweries has a roughly $1.2 billion market value, with Diageo holding a 65% majority stake, according to the report.
Other major brewers such as Anheuser-Busch InBev (BUD) could be interested in a potential transaction for the business, Bloomberg reported.
Diageo, Bank of America, Goldman and Anheuser-Busch didn't immediately respond to MT Newswires' requests for comment.
Diageo shares were down 1.3% in recent premarket activity.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。