British multinational Diageo is set to bank a profit of Sh47.2 billion from selling the extra stake of 14.97 percent it bought in East African Breweries Limited (EABL) in March 2023 after reaching a deal to offload its Kenyan assets to Japanese beverage maker Asahi Holdings.
Diageo, the world’s largest spirits group, has agreed to sell its 65 percent stake in East African Breweries to Japan’s Asahi Holdings for $2.354 billion (Sh303.5 billion), valuing the shares at Sh590.51 each as the multinational divests from its last direct African beer holding.
