Core Viewpoint - Bia Tosha, a former distributor for Diageo in Kenya, is seeking to block the sale of Diageo's stake in its Kenyan business to Asahi due to unresolved legal issues with Diageo's operations in the country [1][2]. Group 1: Legal Actions - Bia Tosha has applied for an ex parte injunction to halt the stake sale, which was refused by the court as it requested to hear from both parties involved [1]. - The legal action stems from a case dating back to 2016 against East African Breweries Limited (EABL) and its subsidiary Kenya Breweries, related to a dispute over a distribution contract [2]. Group 2: Business Transactions - Asahi has agreed to pay $2.3 billion for Diageo's business in Kenya, which includes a majority stake in East African Breweries [3]. - The sale marks Diageo's exit from its final beer production asset in Africa, a move anticipated by industry analysts following previous disposals in the region [3]. Group 3: Market Context - Asahi's acquisition raised questions due to its limited presence in the African market, which is largely dominated by competitors such as Heineken and Castel [4].

Affinity Equity Partners is considering selling its stake in airport hospitality firm Plaza Premium Group, sources say https://t.co/WColvKaVKi ...

Core Insights - The State Bank of India (SBI) reported a 10% year-on-year increase in net profit for the quarter ending September, amounting to ₹20,160 crore, primarily driven by a one-time gain from the sale of its stake in YES Bank [1][2] - SBI divested its 13.18% stake in YES Bank to Sumitomo Mitsui Banking Corp for ₹8,889 crore [1] Financial Performance - SBI's net interest income, which represents core income, rose by 3% year-on-year to ₹42,984 crore [2] - Other income surged by 30% to ₹19,919 crore, significantly influenced by the one-time gain from the YES Bank stake sale [2] - The net interest margin increased to 2.97% in Q2 [2]

Business Transaction - Starbucks 将出售中国业务的多数股权，交易额达 40 亿美元 [1] Financial Implication - 交易金额为 4 billion 美元 [1]

Core Viewpoint - State Bank of India (SBI) is anticipated to experience a decline in net profit for the September quarter, despite healthy loan growth and one-off treasury gains from its stake sale in Yes Bank, which may offset margin pressures [1][2]. Financial Performance - SBI is expected to report a standalone net profit of ₹17,523 crore for the quarter, reflecting a decrease of over 4% year-on-year, compared to ₹19,160 crore in the June quarter [2]. - The bank's operating profit is projected to grow by 6% year-on-year, reaching ₹30,544 crore in the June quarter, despite a flat net interest income (NII) due to higher funding costs and recent rate cuts [2][4]. - Interest income is expected to remain flat, leading to a 6-8 basis point decline in net interest margin (NIM), attributed to rising deposit costs amid intense competition for retail term deposits [3][4]. Treasury Gains - SBI completed the divestment of approximately 13.18% of its stake in Yes Bank to Sumitomo Mitsui Banking Corp. for ₹8,888.97 crore, reducing its stake to 10.8% [5]. - The stake sale is expected to provide a significant boost to non-interest income, although analysts caution that this is a one-off event and will not mitigate the ongoing structural compression in margins [6]. Asset Quality - The bank's asset quality is expected to remain stable, with limited stress from unsecured loans and a reduction in slippages from the agricultural segment [7]. - Provisions are anticipated to decline by 7% quarter-on-quarter, with gross non-performing assets (GNPA) improving by 6 basis points and credit costs decreasing by 4 basis points [7][8]. Market Outlook - Analysts expect SBI's credit cost to remain contained at 0.5%, with marginal improvement in GNPA, and healthy loan and deposit growth [8]. - Recent measures by the Reserve Bank of India to enhance operational flexibility are expected to benefit large lenders, including SBI [8][9]. - Management's commentary on NIM outlook, deposit mobilization, and credit growth guidance will be closely monitored by analysts [10].

Chinese pay-as-you-go gym chain Supermonkey is considering options, including a stake sale, according to people familiar with the matter https://t.co/5JK2namVoo ...

Company Strategy - Saudi Arabia-based Advanced Communications and Electronics Systems is considering selling a stake in the company [1]

Investment & Transaction - SK Group sells $1 billion stake in Vietnam's Vingroup [1]

EDF is considering selling a roughly 50% stake in its North American renewable power business, which could fetch about €2 billion https://t.co/KW2VtJoSoS ...

Valuation - Starbucks' China business is valued between $5 billion and $10 billion based on potential stake sale offers [1] Investment & Stake Sale - Starbucks is reportedly considering a stake sale in its Chinese business [1]