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Diageo Sells East Africa Brewer to Asahi

Diageo sells East African Breweries stake to Asahi for $2.3 billion

Diageo (DGE.L), the world's largest spirits group, has agreed to sell its 65% stake in East African Breweries (EABL.NR) to Japan's Asahi Holdings (2502.T) for $2.3 billion, divesting its last direct A...

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Diageo Sells East Africa Brewer to Asahi for $2.3 Billion

· 22h

Asahi to acquire Diageo's East African beer business

dailybusinessgroup · 1d

Diageo selling major stake in East African Breweries

Diageo is selling its 65% stake in East African Breweries (EABL) for $2.3 billion to Asahi, marking the first time a Japanese giant has made a major investment in an African alcohol business.

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British drinks maker Diageo to sell stake in East African Breweries

The Africa Report · 1d

Diageo to exit East African Breweries in $2.3bn deal with Japan’s Asahi

The Japan Times

Asahi plans first steps in Africa with deal to buy alcohol unit from Diageo

The deal covers beer and spirits operations in Kenya, Uganda and Tanzania, where beer demand has grown steadily in recent years.

The Observer

Japanese beer giant Asahi takes over EABL operations at $5bn

Japan-listed global beverage group Asahi has agreed to acquire 100 per cent shareholding in Diageo Kenya Limited, the holding company through which Diageo owns a 65 per cent stake in East African Breweries Limited (EABL),