Diageo agrees to sell Kenyan drinks unit to Asahi [BNN Bloomberg (Canada)]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
Company Research
Source: BNN Bloomberg
The deal will see Diageo sell its 65 per cent stake in East African Breweries and its shareholding in spirits business UDVK. “This transaction delivers both significant value for Diageo shareholders and accelerates our commitment to strengthen our balance sheet,” interim chief executive Nik Jhangiani said in a statement. Asahi, Japan's biggest brewer, said the Kenya and wider East Africa market offered opportunities for “long-term growth driven by population increase and economic expansion”. Diageo has sought to reduce its debt through divestments amid a tough trading environment and after announcing in May that it faces a financial hit from U.S. President Donald Trump's tariffs onslaught. The company last month gave a profit warning as it cautioned over weaker consumer demand in China and the United States, pressuring its share price which has tumbled this year. New chief executive Dave Lewis is set to take the helm next year, replacing Debra Crew after she resigned in Jul
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News
- Diageo: Guinness Is Doing Well, But It Is Not Enough [Seeking Alpha]Seeking Alpha
- Diageo to Sell Kenyan Drinks Stakes to Japan's Asahi for $2.3 Billion [Yahoo! Finance]Yahoo! Finance
- Diageo: A Global Spirits Powerhouse With Defensive Approach, But Investors Need Patience [Seeking Alpha]Seeking Alpha
- Diageo: Built For Premiumization, With A New CEO And A Clear Path To Recovery [Seeking Alpha]Seeking Alpha
- Free trade agreement between UK and South Korea to boost exports [Yahoo! Finance]Yahoo! Finance
DEO
Sec Filings
- 12/17/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/10/25 - Form 6-K
- DEO's page on the SEC website