South Africa, April 9 -- London-listed Diageo, maker of Johnnie Walker whisky and Captain Morgan rum, said in December it had agreed to sell its 65% stake in EABL to the Japanese brewer, as it implements a turnaround strategy to reduce debt and revive growth.
But the deal soon ran into uncertainty after Kenyan beer distributor Bia Tosha petitioned the High Court to block the deal in January over pending litigation dating back to 2016.
The court rejected the bid, paving the way for the completion of the deal, which is set to be one of the country's biggest such transactions.
"The petitioner's notice of motion dated 5th January 2026 is hereby dismissed," said Bahati Mwamuye, a High Court judge, adding that any other orders that could imp...
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