Business
Diageo Agrees to Sell EABL Shareholding to Asahi
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION ...
About this update from Asahi Group Holdings Ltd
[{"type":"text","content":"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION","length":209,"tagName":"p"},{"type":"text","content":"THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR","length":319,"tagName":"p"},{"type":"text","content":"LONDON, UK / ACCESS Newswire / December 17, 2025 / Diageo enters into agreement to sell its shareholding inEast African Breweries plc ("EABL") to Asahi Group Holdings, Ltd ("Asahi")","length":201,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Announcement today of agreement by Diageo to sell to Asahi its 65% shareholding in EABL, and its shareholding in the Kenyan spirits business, UDVK.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"Disposals consistent with Diageo's strategy of appropriate and selective disposals of non-core assets, strengthening the balance sheet and supporting our previously shared commitment to de-lever.","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Estimated net proceeds after tax and transaction costs of $2.3bn, equating to a multiple of 17x adjusted EBITDA, resulting in an implied enterprise value for 100% of EABL of $4.8bn.","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction will de-lever Diageo's balance sheet by c.0.25x.","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Diageo has committed to enter into long-term licensing agreements with EABL to secure the continued production and distribution of Guinness, local spirits and ready-to-drink brands, as well as the distribution of Diageo international spirits.","length":242,"tagName":"p"}]},{"val":[{"type":"text","content":"The acquisition of EABL represents the first time a major Japanese brewing business has made an investment of this size in an African alcohol beverage business. Asahi is a strong, responsible and experienced steward for the next phase of growth for EABL.","length":254,"tagName":...