The London High Court on Tuesday granted brewer SABMiller Plc an injunction to freeze a move by rival Diageo Plc to take a stake in a Tanzanian brewery and end a key contract.
"The High Court in London has granted SABMiller an injunction which stops (Kenya's) East African Breweries Ltd (EABL), which is 52.8 percent owned by SABMiller, under which TBL manufactures and sells EABL brands in Tanzania.
Serengeti is Tanzania's second biggest brewer after TBL and is owned by a group of private investors.
As part of a deal dating back to 2002, EABL owns a 20 percent stake in TBL and TBL owns a 20 percent stake in EABL's Kenya Breweries unit.
Source: Reuters-London
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