Tag: Kenya market
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Asahi Group to Buy Diageo Kenya Units for $3 Billion, Expanding East Africa Push
Asahi Group Launches Bold East Africa Expansion with $3 Billion Purchase The Asahi Group Holdings, a leading Japanese brewer and beverage company, has reached a landmark agreement to acquire Diageo’s operations in Kenya for $3 billion. The deal includes 100 percent ownership of Diageo Kenya and a 53.68 percent stake in UDV (Kenya), positioning Asahi…
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Asahi Group to Acquire Diageo Kenya Units for $3 Billion, Signals Aggressive East Africa Expansion
Overview of the Deal Japan’s Asahi Group Holdings has agreed to acquire 100 percent of Diageo Kenya and a 53.68 percent stake in UDV (Kenya) from Diageo for about $3 billion, marking a significant step in the company’s ambition to deepen its footprint in East Africa. The deal positions Asahi as a leading player in…