Capital markets regulators in Kenya, Uganda, and Tanzania have approved Asahi Group Holdings’ acquisition of East African Breweries PLC (EABL) shares from Diageo plc. The approval removes the need for a mandatory takeover offer. The announcement came from Asahi’s legal and financial advisers. These include A & O Shearman, ENS, Nomura and Absa. The firms
The Board of Directors of East African Breweries PLC (EABL) has announced that Diageo PLC has agreed to sell its majority stake in EABL and its shareholding in UDV (Kenya) Limited to Japan’s Asahi Group Holdings. The announcement was made in Nairobi on December 17, 2025, marking a decisive shift in ownership of one of