Kenyan Court Postpones Case Seeking to Halt Diageo's $2.3 Billion Sale of EABL

Kenyan court halts move to block EABL deal

A court in Kenya has delayed a hearing on an attempt to halt the sale of Diageo's business in the country to Asahi Group Holdings.

Kenyan court postpones case seeking to halt Diageo's $2.3bn sale of EABL

An employee inspects bottles of beer on a conveyor belt along a production line at the East African Breweries' microbrewery as the company released its half-year results in Ruaraka, Nairobi Kenya, 26 January 2024. Reuters/Monicah Mwangi/File Photo/File PhotoKenya's High Court on Friday moved to 20 January the hearing of a case seeking to stop Diageo's $2.3bn sale of its local subsidiary EABL to Japan's Asahi Holdings. Read more...

Kenyan court postpones case seeking to halt Diageo's $2.3 billion sale of EABL

Kenyan beer distributor Bia Tosha filed the case to try to block the deal this week over pending litigation dating back to 2016, sending Diageo's shares lower

Kenyan beer distributor disputes Diageo’s $2.3 billion sale of EABL in court

Kenya’s High Court will hear a case this week that could slow Diageo’s plan to sell its stake in East African Breweries (EABL) to Japan’s Asahi Group. The $2.3 billion deal would mark Diageo’s full exit from Africa’s beer market after nearly three decades of operations. The petition was filed by local distributor Bia Tosha, which wants the court to halt the sale until its separate competition dispute with Diageo, EABL, and Kenya Breweries Limite…

Meet Peter Burugu Gachuru challenging $2.3B EABL deal

A quiet businessman who made his fortune moving crates of beer through Nairobi’s backroads has stepped into the spotlight, asking a Kenyan court to freeze one of the country’s biggest corporate deals.Peter Burugu Gachuru, the founder and chairman of Bia Tosha Distributors, is behind a High Court challenge seeking to block Diageo’s planned sale of its majority stake in East African Breweries Limited to Japan’s Asahi Group. The proposed transactio…