Court clears EABL–Asahi deal after dismissing bid to stop sale
Justice Bahati Mwamuye lifted all interim orders that had been issued to halt the deal, allowing it to proceed. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The High Court in Nairobi has cleared the sale of a majority stake in East African Breweries PLC (EABL) to Japan’s Asahi Group Holdings, dismissing a bid to halt the transaction.
- The deal is valued at approximately Sh296.5 billion.
- Key entities involved are EABL, Asahi Group Holdings, and Diageo, with logistics firm Bia Tosha being the party that sought to block the sale.
- The court, presided over by Justice Bahati Mwamuye, lifted interim orders, allowing Asahi to proceed with acquiring a majority stake and consolidating beer and spirits operations across Kenya, Uganda, and Tanzania.
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