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Diageo asks court to dismiss bid to stop sale of its stake in EABL
Diageo global headquarters on Great Marlborough Street, London, England. Diageo fights to proceed with the Sh300 billion sale of its EABL and UDV Kenya stakes to Asahi, despite a distributor’s legal challenge.
British multinational Diageo has opposed an application seeking to block it from selling its entire 65 percent stake in EABL and its holding in spirits maker UDV Kenya to Japanese beverage firm Asahi Group Holdings.
Diageo told the High Court that the proposed transaction valued at Sh300 billion is at the shareholder level, and does not involve any sale of Kenyan operating assets by EABL, Kenya Breweries Limited (KBL), or UDV.
