High Court freezes EABL stake sale pending regulatory reviews
Justice Francis Gikonyo ruled that the ownership and control of EABL as it stood on June 18, 2026 must remain unchanged until an appeal before the Capital Markets Tribunal is determined and the Competition Authority of Kenya completes its review of the transaction...
✨ Key Highlights
The High Court has temporarily halted the sale of Diageo's controlling stake in East African Breweries (EABL) to Japan's Asahi Group Holdings, pending regulatory reviews.
- The court ordered that the ownership and control of EABL remain unchanged as of June 18, 2026.
- Key parties involved include Diageo, EABL, Asahi Group Holdings, and a petitioner, Christine Irungu.
- The freeze is in place until the Capital Markets Tribunal determines an appeal and the Competition Authority of Kenya (CAK) completes its review.
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Mumias Sugar Shareholder Wants Answers on NSE Trading Suspension - September 2026
A Mumias Sugar Company shareholder is demanding answers from the Capital Markets Authority (CMA) regarding the nearly seven-year suspension of the company's shares on the Nairobi Securities Exchange (NSE). The High Court has temporarily halted the sale of Diageo's controlling stake in East African Breweries (EABL) to Japan's Asahi Group Holdings, pending regulatory reviews. Kenya's Capital Markets (Amendment) Act, 2025 has significantly altered ownership thresholds for capital markets intermediaries, moving from fixed statutory limits to a more flexible regulatory framework.
