In a functioning competition regime, merger remedies are not negotiated in a committee room of parliament to appease a committee chairperson.
By
Jaindi Kisero
Columnist
A final decision on the Diageo–Asahi transaction remains in limbo.
Two critical developments unfolded last week. Appearing before the National Assembly Committee on Finance and National Planning, Competition Authority of Kenya (CAK) CEO David Kimei publicly disclosed for the first time conditions Asahi and Diageo must meet before securing deal approval.
Diageo and Asahi Holdings agreed the sale of the 65 percent stake in EABL for a consideration of $2.354 billion (Sh304.6 billion)…
The Asahi-Diageo transaction was supposed to be the easy case — two willing multinational parties, a company with no pending…
Kenya's Machakos High Court froze the $2.3B Diageo EABL deal on June 22, blocking Asahi's acquisition as four petitions challenge…
The legal dispute concerns the proposed sale of 65 percent of shares held by the United Kingdom’s Diageo PLC in EABL to Japan’s…
The brewer said a series of proceedings filed in different High Court stations had created a risk of conflicting decisions by…
EABL has written to the Chief Justice seeking intervention over conflicting High Court orders surrounding the proposed Sh300…
