Nairobi, Oct. 1 -- British multinational Diageo Plc has disclosed that it has booked a Sh5.57 billion charge (loss) relating to the sale of its stakes in EABL and UDV Kenya Limited to Japan's Asahi Group Holdings, implying that it valued the businesses higher than the Sh389.3 billion sale price.

Diageo told its shareholders that the charge was recognised in its financials for the year ended June 2026 as a non-operating item, meaning it does not relate to production, marketing and distribution of products.

Published by HT Digital Content Services with permission from Business Daily....