Competition Authority approves Diageo’s EABL stake sale to Asahi Companies 17 min ago
Kenya's competition regulator has approved Diageo's sale of its 65 per cent stake in East African Breweries Plc to Japan's Asahi Holdings, the brewer said on Thursday."EABL notes the approval by the Competition Authority of Kenya regarding the proposed transaction between Diageo PLC and Asahi Group Holdings, Ltd," East African Breweries said in a statement to Reuters.
The Competition Authority of Kenya directed EABL to "reserve sufficient funds from the transaction consideration to meet any outstanding liabilities," Bloomberg News reported earlier, citing a letter sent to lawyers representing the brewers.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
Original Sources (1)
More from Kenya
Ruto's decrees spark legal battles and diplomatic tensions
Abdul Sidi: Navigator who called pace notes for legendary drivers takes final bow In the cockpit, Abdul Sidi was easily one of Kenya’s finest navigators. Motorsport 19 min ago Listen
Cold in Kenya, deadly heat in Asia: El Niño's uneven grip and why it doesn’t always mean rain El Niño conditions are already influencing weather patterns in parts of the country. Climate 49 min ago