A Kenyan contractor filed a fresh case against Diageo Plc, asking a court to block its proposed sale of East African assets to Asahi Group Holdings Plc until a separate matter is resolved.
A Kenyan contractor filed a fresh case against Diageo Plc, asking a court to block its proposed sale of East African assets to Asahi Group Holdings Plc until a separate matter is resolved.
Bottles of Guinness move along a conveyor at a bottling plant in Nairobi, Kenya.
Diageo Plc is considering options for its Chinese assets, including potential divestments, people familiar with the matter said, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio.
Diageo Plc is considering options for its Chinese assets, including potential divestments, people familiar with the matter said, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio.
Shares of Asahi Group Holdings Ltd. fell the most in over a year, amid concerns that its $2.3 billion deal for a majority stake in East African Breweries Ltd. was overpriced and may postpone the Japanese company’s share buyback.
Shares of Asahi Group Holdings Ltd. fell the most in over a year, amid concerns that its $2.3 billion deal for a majority stake in East African Breweries Ltd. was overpriced and may postpone the Japanese company’s share buyback.
Diageo Plc agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller streamlines operations to speed its turnaround.
Diageo Plc agreed to sell its majority stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. in a $2.3 billion deal as the struggling UK distiller streamlines operations to speed its turnaround.
Beer production at a bottling plant, operated by East Africa Breweries Ltd., in Nairobi. Photographer: Patrick meinhardt/Bloomberg
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