Diageo, EABL in Sh296.7bn legal battle over sale to Asahi

British multinational Diageo has urged the High Court to allow it to sell off its Sh296.7 billion stake in East Africa Breweries Limited (EABL).In its response to the new application filed by Kenyan distributor Bia Tosha Limited, seeking to block the 65 per cent shares sale to Japanese company Asahi, Diageo said that it has nothing to do with the approvals and or control of EABL’s contracts with distributors.Get Full Access for Ksh299/WeekBold Reporting Takes Time, Courage and Investment. Stand With Us.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log inFollow The Standard
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In its response to the new application filed by Kenyan distributor Bia Tosha Limited, seeking to block the 65 per cent shares sale to Japanese company Asahi, Diageo said that it has nothing to do with the approvals and or control of EABL’s contracts with distributors.Get Full Access for Ksh299/WeekBold Reporting Takes Time, Courage and Investment. Stand With Us.Unlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log inFollow The Standard
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on WhatsApp

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