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Originally published by The Standard Business
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June 2, 2026
4h ago

Blow to Bia Tosha as court rejects fresh bid to stop Sh300b EABL shares sale

Blow to Bia Tosha as court rejects fresh bid to stop Sh300b EABL shares sale

Bia Tosha Distributors Limited has suffered a major setback after the court dismissed its second attempt to stop the sale of Sh300 billion EABL shares to Asahi Group Holdings...

✨ Key Highlights

The High Court has rejected a second attempt by Bia Tosha Distributors Limited to stop the sale of a controlling stake in East African Breweries Limited (EABL).

  • The proposed sale involves Diageo PLC selling its 65 percent stake in EABL for approximately US$2.3 billion.
  • The buyer is Japanese brewing giant Asahi Group Holdings.
  • The court's decision on Tuesday was delivered by Justice Gregory Mutai, dismissing Bia Tosha Distributors Limited's application for conservatory orders.

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