Diageo sells 65% East African Breweries stake to Asahi for Sh297 billion
Diageo, the world’s largest spirits maker, has agreed to sell its 65% controlling stake in East African Breweries Limited to Japan’s Asahi Group Holdings for an estimated Sh297 billion ($2.3 billion) in net proceeds, the companies announced Wednesday. The deal, equivalent to about Sh297 billion at current exchange rates, also includes Diageo’s majority holding in…