Asahi Group Holdings, Ltd.
Notice Regarding Acquisition of Shares in Diageo’s East Africa Business
Asahi Group Holdings will acquire 100% of the shares of Diageo Kenya Limited held by a Diageo subsidiary and 53.68% of the shares of UDV (Kenya) Limited, and is scheduled to indirectly acquire 65.00% of the shares of East African Breweries PLC, which oversees the beer, spirits, and RTD business in East Africa.
Key Figures
- Transaction Type: Acquisition
- Target Companies: Diageo Kenya Limited, UDV (Kenya) Limited
- Transaction Value: Approximately ¥365.2 billion for 100% of DKL shares, Approximately ¥100.2 billion for 53.68% of UDVK shares
- Expected Completion Date: Second half of 2026
- Expected Synergies: Strengthening business base in the East African market and medium- to long-term growth
AI要約
Overview of the Transaction
This transaction is an acquisition, where Asahi Group Holdings, Ltd. will acquire 100% of the shares of Diageo Kenya Limited (DKL) from Diageo Holdings Netherlands B.V. for approximately ¥365.2 billion and 53.68% of the shares of UDV (Kenya) Limited (UDVK) from Diageo Great Britain Limited for approximately ¥100.2 billion. Both agreements are mutually conditional, and the closing is scheduled to occur simultaneously after obtaining regulatory approval for the business combination in the second half of 2026. Through this, Asahi Group Holdings will indirectly acquire 65.00% of the shares of East African Breweries PLC (EABL).
Purpose and Background of the Transaction
This transaction aims to establish a robust platform and build a medium- to long-term growth foundation in the East African market centered on Kenya, in line with Asahi Group’s medium- to long-term management policy. The target businesses own a diverse portfolio of beer and spirits brands and receive long-term licensing of global brands. Leveraging strong marketing capabilities and product development strengths, both companies will combine their strengths to pursue sustainable growth and enhance corporate value. The policy to maintain EABL’s listing and not conduct a tender offer for minority shareholders has also been indicated.
