Diageo sells East African Breweries stake to Asahi for $2.3 billion

British drinks maker Diageo to sell stake in East African Breweries

British drinks maker Diageo will sell its entire stake in Nairobi-based East African Breweries (EABL) for $2.3 billion, the company’s second major divestment from the continent in as many years.EABL’s board received notification of Diageo’s intention to sell on Tuesday, a move that will see the UK giant sell its 65% stake to Japanese beverage group Asahi. It ends Diageo’s review of its East African business that began earlier this year, with top…

Diageo agrees to sell entire 65% stake in East African Breweries to Asahi for $2.3bn

Diageo, the world’s largest spirits group, is looking to make a full exit from direct beer ownership in Africa by selling EABL to the Japanese brewer.

End of an era: UK drinks giant Diageo set for Kenya exit, sells EABL stake for Sh297b

Beverage giant Diageo sells its majority stake in EABL and UDV Kenya to Japanese brewer Asahi Group for Sh296.5 billion, deal expected to close in 2026.

Diageo to sell majority stake in East African beer business for £1.7bn

The Guinness owner is seeking to sell off ‘non-core’ parts of the business in order to boost its finances.

Diageo sells East African Breweries stake to Asahi for $2.3 billion

NAIROBI/LONDON, Dec 17 : Diageo, the world's largest spirits group, has agreed to sell its 65 per cent stake in East African Breweries to Japan's Asahi Holdings for $2.3 billion, divesting its last direct African beer holding.The deal values EABL, a Nairobi blue chip stock and one of East Africa's top five co

Diageo Agrees to Sell EABL Shareholding to Asahi

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