Nairobi, March 7 -- Stanbic Bank Kenya earned close to Sh1 billion revenue from the transaction in which British multinational Diageo acquired an additional 14.97 percent stake in East African Breweries Plc (EABL).

Joshua Oigara, the chief executive for Stanbic Bank Kenya and South Sudan, said in an interview the Diageo deal, which was midwifed by SBG Securities, a wholly-owned subsidiary of Stanbic Bank Kenya, was a "very significant" transaction for the group in the year ended December 2023.

"That was one of the single largest transactions done in Kenya's capital market history. That brought in a lot of fees and revenue. The bank generated almost Sh1 billion from this transaction," said Mr Oigara.

Offer documents listed Stanbic Bank ...