{"id":21224,"date":"2025-12-17T09:23:48","date_gmt":"2025-12-17T07:23:48","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/diageo-to-sell-east-african-breweries-stake-for-2-3-bln\/"},"modified":"2026-02-27T16:32:20","modified_gmt":"2026-02-27T14:32:20","slug":"diageo-to-sell-east-african-breweries-stake-for-2-3-bln","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/diageo-to-sell-east-african-breweries-stake-for-2-3-bln\/","title":{"rendered":"Diageo to sell East African Breweries stake for $2.3 bln"},"content":{"rendered":"<p>Diageo, the world&#8217;s largest spirits maker, plans to sell its 65% stake in East African Breweries to Japan&#8217;s Asahi Holdings for about $2.3 billion, the maker of Johnnie Walker whisky and Guinness beer said this Wednesday.<\/p>\n<p>&nbsp;<\/p>\n<p>The London-listed company has been grappling with tariff hikes in the United States, its biggest market, high debt levels, and a move away from alcoholic drinks by younger consumers.<\/p>\n<p>&nbsp;<\/p>\n<p>The disposal was consistent with its strategy to sell non-core assets, Diageo said on Wednesday.<\/p>\n<p>&nbsp;<\/p>\n<p>Last month, the company named former Tesco chief Dave Lewis as its new Chief Executive Officer to revive growth.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":21225,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21224","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Diageo, the world's largest spirits maker, plans to sell its 65% stake in East African Breweries","published_date":"2025-12-17 11:22:41","news_description":"Diageo, the world's largest spirits maker, plans to sell its 65% stake in East African Breweries","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21224\/revisions"}],"predecessor-version":[{"id":24976,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21224\/revisions\/24976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21225"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21224"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}