Kenya Approves Asahi Diageo Deal
Kenya has approved Asahi Group Holdings Limited to acquire Diageo assets in a multi-billion dollar transaction. The deal includes conditions to protect local retail refrigeration space and supply continuity.
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Kenya's competition authority approved Japan-based Asahi Group Holdings Limited's acquisition of DIAGEO PLC's local assets on Friday morning. The $2.3B transaction marks Diageo's exit from the African market. The deal includes a 65% stake in East African Breweries Limited.
