Kenyan Beer Firm Asks Court to Block Diageo's $2.3 Billion EABL Sale to Asahi

Kenyan beer firm asks court to block Diageo's $2.3 billion EABL sale to Asahi

Kenyan beer firm asks court to block Diageo's EABL sale

A Kenyan beer distribution firm has filed a case at Kenya's High Court seeking to block Diageo's $2.3 billion sale of its local subsidiary EABL to Japan's Asahi Holdings over pending litigation, a lawyer for the challenger said today.

East Africa: Diageo Agrees to Sell East African Breweries Stake to Asahi

Diageo has agreed to sell its entire 65% stake in East African Breweries plc to Japan's Asahi Group Holdings, marking a major ownership shift in one of Africa's largest beverage companies.

Kenyan Alcohol Distributor Seeks To Block Diageo EABL Sale To Asahi

A Kenyan alcohol distribution firm, Bia Tosha Distributors, is seeking to block the sale of Diageo’s stake in East Africa Breweries Ltd to Japan’s Asahi Group Holdings pending the settlement of a case it won against the brewer in 2023. Shares in Diageo dropped 2% upon the announcement of this case. Bia Tosha is asking the country’s High Court to freeze the landmark USD 2.3 billion sale, marking a major escalation in a decade-long legal battle ov…

Ex-Diageo Distributor Moves To Court To Block Sale Of EABL Stake To Japanese Giant

The Kenya Times ~ Trending, Breaking News and Videos Ex-Diageo Distributor Moves to Court to Block Sale of EABL Stake to Japanese Giant Bia Tosha, a former distributor for Diageo in Kenya, has moved to the High Court seeking to stop the sale of the spirits giant’s stake in its Kenyan business to Japan’s Asahi Holdings. The firm is challenging Diageo’s planned divestment of its majority shareholding in East African Breweries Limited (EABL). Accor…

Kenyan distributor asks court to block Diageo stake sale to Asahi

Kenyan distributor Bia Tosha has asked a court to halt Diageo's sale of its stake in its local business to Asahi.