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Diageo to Sell Kenyan Drinks Stakes to Japan’s Asahi for $2.3 Billion
Yahoo Finance· 2025-12-17 09:31
The U.K. drinks group said it would sell its 65% shareholding in East African Breweries. - Reuters Diageo is to sell its majority stakes in two Kenyan drinks businesses to Japanese brewer Asahi for proceeds of around $2.3 billion. The U.K. drinks group, which makes Guinness beer, Smirnoff vodka and Gordon’s gin, said it would sell its 65% shareholding in East African Breweries, or EABL, and its roughly 54% stake in distiller UDVK to Asahi. The remaining shares of UDVK are held by EABL. Most Read from T ...