Diageo has bought out SAB Miller’s 20% shareholding in its Kenya Breweries subsidiary.

The deal, carried out via Diageo's East Africa Breweries business, is worth around $225m (£137.1m).

THe sale ends Kenya Breweries' distribution agreement with SAB Miller.

The deal comes after Diageo, whose brands include Guinness and Smirnoff, last month announced a far-reaching restructure of the business that is set to place greater emphasis on high-growth emerging markets.

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