Court clears path for Diageo’s EABL stake sale to Asahi
Kenyan High Court has cleared the way for British multinational Diageo to proceed with the sale of its controlling stake in East African Breweries Limited to Japan’s Asahi Group Holdings, dismissing a last-minute attempt by a local distributor to block the transaction. In its ruling, the court rejected an application filed by Bia Tosha Distributors…
