A Kenyan beer distribution firm has filed a case at Kenyas high court seeking to block Diageos 2.3bn R37.8bn sale of its local subsidiary EABL to Japans Asahi Holdings over pending litigation, a lawyer for the challenger said on Wednesday.
Diageo, the worlds biggest spirits group, said last month it had agreed on a deal with the Japanese brewer for a sale of its 65 stake in EABL as it responds to US tariffs and shifting consumer patterns.
However, the deal faces a challenge by Kenyan distributor Bia Tosha, which has asked the court to stop it until its litigation against Diageo and EABL, over a competition dispute, is determined and settled.
