Beer maker East African Breweries Limited (EABL) and UK private equity firm Actis are locked in what is promising to be a bruising battle over a multi-billion shilling land deal gone sour.
At the centre of the dispute is a deal EABL struck to sell Actis 15 acres of land at a price of Sh1.95 billion, but the private equity firm on October 12 last year sent a notice to the beer maker cancelling the offer to buy.
