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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. Asahi was down as much as 7.5% in Tokyo trading, ...

Anheuser-Busch InBev (ABI) announced today its plans to close two of its breweries and sell another. ABI, the largest brewing manufacturer in the world according to the BarthHaas 2024/2025 industry ...

EABL is largest beer business in East Africa Deal values business at $4.8 bln, raises $2.3 bln for Diageo World's top spirits maker is selling assets to cut debt Transaction set to complete in second ...

Anheuser-Busch is selling its decades-old New Jersey brewery and is closing two others in California and New Hampshire as part of a broader strategy to optimize production. The Anheuser-Busch brewery ...

British multinational company Diageo Plc has agreed to sell its entire 65 percent stake in East African Breweries Limited (EABL) and its holding in the spirits maker UDV Kenya to Japanese beverage ...

South African authorities raided a U.S. refugee facility in Johannesburg, briefly detaining U.S. staff who have been processing white Afrikaner refugees. The episode is sure to be a source of further ...

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 ...

This article first appeared on GuruFocus. Diageo (NYSE:DEO) agreed to sell its 65% stake in East African Breweries to Japan's Asahi Group Holdings in a $2.3 billion transaction, as the UK spirits ...

Champion Breweries Plc stated that its ongoing N16 billion rights issue will support the Company’s strategic acquisition of the Bullet brand portfolio and strengthen its pan-African growth platform.

The deal values EABL, a Nairobi blue chip stock and one of East Africa's top five companies by market capitalisation, at around $4.8bn, Diageo and Asahi said. It also marks the largest investment in ...

The management of Champion Breweries Plc has revealed that its ongoing N16 billion rights issue will support its strategic acquisition of the Bullet brand portfolio and strengthen its pan-African ...