Asahi to acquire a 65% stake in East African Breweries from Diageo for $2.3bn.

Asahi, a Japanese listed global beverage company, agreed to acquire a 65% stake in East African Breweries, the largest beer business in East Africa, from Diageo, an alcoholic beverage company, for $2.3bn. “This business is a high-quality, leading company in Kenya, Uganda, and Tanzania, with an unrivalled brand portfolio and marketing capabilities, state-of-the-art production facilities and strong market shares. Together with its excellent management team and employees, we will pursue sustainable growth and medium- to long-term enhancement of corporate value, while contributing to the development of the local economies," Atsushi Katsuki, Asahi President and Group CEO, Director and Representative Executive Officer.