The sale of a Sh300 billion stake in East Africa Breweries Limited (EABL) has run into fresh uncertainity after beer distributor Bia Tosha issued a notice to appeal against the dismissal of its bid to stop the transaction.
The High Court on Thursday dismissed Bia Tosha’s petition to stop Diageo from selling its 65 percent stake in EABL to Japan's Asahi Holdings, as it implements a turnaround strategy to reduce debt and revive growth.
