EABL
A Kenyan court has postponed a hearing concerning an attempt to block the sale of Diageo’s business in the country to Asahi Group Holdings. The postponement follows an initial application for an injunction that was not immediately granted. Background of the Deal In December, Asahi Group Holdings agreed to acquire a 65% stake in East […]
A Kenyan beer distribution firm has initiated legal action in Kenya’s High Court to prevent Diageo’s proposed $2.3 billion sale of its local subsidiary, East African Breweries Limited (EABL), to Japan’s Asahi Holdings. The challenge is based on pending litigation. Diageo’s share price declined following the announcement of the legal challenge, while EABL’s shares also […]
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