reuters.com

Kenya Clears Diageo’s EABL Stake Sale to Asahi for $2.3 Billion

Diageo logoDiageo
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Asahi Group logoAsahi Group
Sig3.86Sen+2.01Env0.00Soc+0.08Gov+1.14

Diageo said Kenya’s Competition Authority cleared its planned $2.3 billion sale of its EABL stake to Asahi, as part of its Africa exit strategy. The regulator required EABL to reserve funds to cover outstanding liabilities and to set aside 20% of cooler space in retail outlets for competitors’ drinks. The deal faced Kenya litigation and EABL sought faster hearings.

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