Japanese Giant Asahi Cleared to Take Over EABL in Ksh296 Billion Deal

The Ksh296.5 billion (US$2.3 billion) acquisition will effectively end Diageo plc’s direct control of EABL.Japanese beverage giant Asahi Group Holdings has cleared a major regulatory hurdle in its planned takeover of East African Breweries PLC after capital markets regulators in Kenya, Uganda, and Tanzania approved the transaction without requiring a mandatory buyout offer to minority shareholders.