The High Court has dismissed an application by a distributor seeking to block the final sale of British multinational Diageo’s entire 65 percent stake in East African Breweries Limited (EABL) and its holding in spirits maker UDV Kenya to Japan’s Asahi Group Holdings.
The court also lifted an interim order that had frozen completion of the transaction, clearing the way for the deal to proceed despite a long-running dispute over beer distribution rights.
