Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App
×
The Standard Group PLC The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

Court to rule on fresh bid to halt Sh30b EABL shares sale

EABL Managing Director & CEO Jane Karuku during the release of the 2025 half year results. [File, Standard]

The High Court will on May 28,2026 rule on a fresh attempt by a small Nairobi-based beer distributor to suspend the proposed Sh300 billion acquisition of Diageo PLC’s controlling stake in East African Breweries Limited (EABL) by Japanese conglomerate Asahi Group Holdings.

Justice Gregory Mutai of the Milimani High Court on Friday May 8,2026 fixed the ruling date after hearing all parties in what has now become a second round of intense litigation over Bia Tosha Distributors Limited’s bid to halt to one of the biggest corporate transactions in East African history, Diageo's proposed sale of its 65 percent shareholding in EABL to Asahi Group Holdings in a deal valued at approximately US$2.3 billion.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902