Nairobi, June 1 -- Diageo expects to complete the sale of its 65 percent stake in East African Breweries Limited (EABL) to Japan's Asahi Group Holdings in the second half of this year, ending a 26-year ownership stint during which the value of its holding grew more than tenfold to Sh305 billion.

In a call with investors, the British drinks giant said the transaction is expected to close between July and December.

Diageo, which acquired majority control of EABL in 2000 when the brewer was valued at about Sh30 billion, announced plans on December 17, 2025, to sell its entire stake and its 53.68 percent shareholding in Kenyan spirits maker UDV Kenya (UDVK) to Asahi Group Holdings.

The disposal forms part of The London Stock Exchange-liste...