Brookside buyout reveals multi-billion-shilling empire
What you need to know:
- A joint statement released by the two companies announcing the buyout disclosed that Brookside made Sh15.4 billion (€130 million) sales last year, a figure that would rank it third among Nairobi Securities Exchange-listed manufacturers of fast-moving consumer goods.
French food processor Danone’s buyout of a minority stake in Brookside Dairy has lifted the lid on the private company’s financials, revealing the multi-billion-shilling status of the group associated with President Uhuru Kenyatta’s family.
A joint statement released by the two companies announcing the buyout disclosed that Brookside made Sh15.4 billion (€130 million) sales last year, a figure that would rank it third among Nairobi Securities Exchange-listed manufacturers of fast-moving consumer goods.
Danone on Friday announced it had bought a 40 per cent stake in Brookside Dairy. (READ: French food giant Danone buys 40pc stake in Brookside Dairy)
The revealed turnover level would rank Brookside third after the NSE-listed East African Breweries (EABL) and British American Tobacco (BAT); and ahead of firms such as Mumias and Unga Group.
This article first appeared in the Business Daily.
