New hurdle for East African Breweries’ USD 2.3 billion sale to Asahi

Kenya | The Nairobi-based construction firm JILK filed a fresh case against Diageo, asking the High Court to urgently secure approximately USD 23,500 from Diageo, the majority shareholder of EABL and its Kenyan subsidiaries. JILK fears that the impending sale of Diageo’s 65 percent stake in EABL to Asahi could frustrate the enforcement of its pending arbitral award and related claims, media reported on 31 January.

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