{"id":22111,"date":"2026-01-07T16:55:54","date_gmt":"2026-01-07T14:55:54","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/kenyan-beer-firm-asks-court-to-block-diageos-2-3-billion-eabl-sale-to-asahi\/"},"modified":"2026-02-27T16:33:11","modified_gmt":"2026-02-27T14:33:11","slug":"kenyan-beer-firm-asks-court-to-block-diageos-2-3-billion-eabl-sale-to-asahi","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/kenyan-beer-firm-asks-court-to-block-diageos-2-3-billion-eabl-sale-to-asahi\/","title":{"rendered":"Kenyan beer firm asks court to block Diageo&#8217;s $2.3 billion EABL sale to Asahi"},"content":{"rendered":"<p>Shares in Diageo, which is the maker of Johnnie Walker whisky and Captain Morgan rum, lost more than 2% on news of the case, while EABL was 0.5% lower. Diageo, the world&#8217;s biggest spirits group, said last month it had agreed a deal with the Japanese brewer for the sale of its 65% stake in East African Breweries Limited, as it looks to sell assets and reduce debt to offset the impact of United States tariffs, sales declines and shifting consumer patterns.<\/p>\n<p>&nbsp;<\/p>\n<p>The deal faces a challenge by Kenyan distributor Bia Tosha, which has asked the court to stop it until its litigation against Diageo, EABL and its Kenyan subsidiary KBL, over a competition dispute, is determined and settled.<\/p>\n<p>&nbsp;<\/p>\n<p>Kenya&#8217;s High Court has certified the case as urgent and has set a hearing date for Friday, when it will give directions, Kenneth Kiplagat, Bia Tosha&#8217;s lawyer, told <em>Reuters<\/em>.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":22112,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-22111","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"A Kenyan beer distribution firm has filed a case at Kenya's High Court seeking to block Diageo's $2.3 billion sale of its local subsidiary EABL to Japan's Asahi Holdings over pending litigation, a lawyer for the challenger said on Wednesday.","published_date":null,"news_description":"","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22111","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\/22111\/revisions"}],"predecessor-version":[{"id":25523,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22111\/revisions\/25523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22112"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22111"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}