East African Breweries Limited (EABL) has moved to reassure investors, partners, and the public that a matter currently before the courts has no connection whatsoever to the recently announced Diageo–Asahi transaction.
In a statement, EABL clarified that the court proceedings stem from a long-standing commercial dispute between Bia Tosha and Kenya Breweries Limited (KBL) over distribution territories in Kenya.
The brewer emphasized that the case is entirely separate, both factually and legally, from the Diageo-Asahi shareholding transaction that will see Asahi Group acquire a majority stake in EABL.
According to the company, the latest court application is part of what it describes as a decade-long and unsuccessful campaign by a former employee and former distributor, whom it termed a “serial litigant,” aimed at destabilizing EABL’s operations and damaging its business reputation. EABL stated that the allegations being advanced are unfounded and lack any basis in fact or law.
The brewer further stressed that the change in majority shareholding does not in any way affect the operational strength or legal standing of either EABL or its flagship subsidiary, KBL. Both entities, the company said, remain independent and fully capable of conducting their business and defending themselves against any legal challenges.
EABL warned against attempts to link the court dispute to the ownership transaction, noting that such claims are misleading and harmful. The company added that insinuations suggesting instability or incapacity within EABL are not only false but also detrimental to Kenya’s standing as a destination for credible, long-term foreign investment.
The clarification comes amid heightened public attention following the announcement of Asahi Group’s acquisition of Diageo’s majority stake in EABL, a transaction that has been widely viewed as a significant vote of confidence in Kenya and the wider East African market.
Related Content: Diageo To Exit Direct Ownership Of EABL Stake As Asahi Steps In
