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Originally published by Capital Businessbusiness
May 15, 2026
3h ago
Asahi cleared to acquire majority stake in EABL without takeover offer
The Japanese firm announced that regulators across the three East African markets had granted exemptions following its planned acquisition of 100 percent of Diageo Kenya Limited shares from Diageo Holdings Netherlands B.V.. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Asahi Group Holdings Ltd has secured regulatory approval in Kenya, Tanzania, and Uganda to acquire a majority stake in East African Breweries PLC (EABL) without issuing a mandatory takeover offer to minority shareholders.
- Asahi will indirectly gain control of 65 percent of EABL's issued share capital.
- The key organizations involved are Asahi Group Holdings Ltd, East African Breweries PLC (EABL), and Diageo.
- Regulatory exemptions were granted by the Capital Markets Authority (Kenya), Capital Markets and Securities Authority (Tanzania), and Capital Markets Authority Uganda, though antitrust approvals are still pending.
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