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Diageo, EABL in Sh296.7bn legal battle over sale to Asahi

A section of the EABL headquarters in Nairobi. [Wilberforce Okwiri, Standard]

British multinational Diageo has urged the High Court to allow it to sell off its Sh296.7 billion stake in East Africa Breweries Limited (EABL).

In its response to the new application filed by Kenyan distributor Bia Tosha Limited, seeking to block the 65 per cent shares sale to Japanese company Asahi, Diageo said that it has nothing to do with the approvals and or control of EABL’s contracts with distributors.

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