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High Court Halts Diageo’s EABL Stake Sale to Japan’s Asahi

The High Court has temporarily stopped the completion of Diageo’s proposed sale of its controlling stake in East African Breweries Plc (EABL) to Japan’s Asahi Group Holdings, pending the conclusion of ongoing regulatory and legal processes surrounding the transaction. Justice Francis Gikonyo ordered that the ownership and control structure of EABL as it stood on [...] The post High Court Halts…

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