EABL, SABMiller Unit End Spat; Serengeti Deal Near

Law360, New York (February 26, 2010, 6:34 PM EST) -- East African Breweries Ltd. is moving forward in its purchase of a stake in Tanzanian brewer Serengeti Breweries Ltd. following the resolution of a dispute with SABMiller Africa.

EABL said Thursday that it had settled with SABMiller Africa and its subsidiary Tanzania Breweries Ltd. over EABL’s plan to end its manufacturing and distribution deal with TBL, according to Reuters.

The plan, announced last year, also included EABL’s intention to purchase a stake in Serengeti. SABMiller attempted to block the move by filing an injunction in the...
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