Asahi Wins Regulatory Exemption In EABL Takeover Push

Japanese brewing giant Asahi Group Holdings has cleared a major hurdle in its bid to acquire a controlling stake in East African Breweries Plc (EABL) after capital markets regulators in Kenya, Tanzania, and Uganda granted exemptions from mandatory takeover rules. The cross-border regulatory approvals pave the way for Asahi to indirectly acquire a 65 percent stake in the region's dominant brewer from Diageo without being forced to buy out minority shareholders.