The Japanese brewer is expected to introduce brands to East Africa after completing the acquisition.
By
Dominic Omondi
Business Reporter
Nation Media Group
Diageo expects to complete the sale of its 65 percent stake in East African Breweries Limited (EABL) to Japan’s Asahi Group Holdings in the second half of this year, ending a 26-year ownership stint during which the value of its holding grew more than tenfold to Sh305 billion.
In 2000, Diageo — which was formed in 1997 following the merger of Guinness Plc and Grand Metropolitan — acquired majority…
Spirits group will offload its 65% stake in EABL as it seeks to reduce debt
Bia Tosha Distributors Limited has suffered a major setback after the court dismissed its second attempt to stop the sale of…
The fresh application by Bia Tosha comes barely a month after Justice Bahati Mwamuye dismissed a near-identical request on April…
adsFollowing Diageo’s multimillion-dollar sale of its 58.02 per cent stake in Guinness Nigeria to Singapore-based Tolaram Group…
Reported move would be part of new CEO Dave Lewis’s streamlining of world’s largest spirits maker
