TheAfricanExecutive retweetledi
Asahi Group's disclosures on acquiring Diageo's stake in EABL Plc.
· The group says it believes the acquisition of EABL Plc presents a unique opportunity for acquiring a leading beverage platform in Africa & that this is the first of such investments in Africa
· As part of the proposed transaction, Diageo & EABL Plc have agreed to enter into long-term licensing agreements as well as transitional service
agreements.
· With the support of Asahi, locally owned brands will remain owned by EABL Plc (e.g. Tusker & Kenya Cane)
· There will be refreshed agreements for EABL Plc to produce certain Diageo spirits (e.g. Smirnoff & Captain Morgan) as well as Guiness brand under licence & the import & distribution of Diageo international premium spirits.
Julians Amboko@AmbokoJH
Nairobi Securities Exchange halts trading of EABL Plc shares following announcement of imminent exit by Diageo
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