On Friday, 27/3/26, I formally served @CMAKenya with my objection to the proposed exemption sought by Asahi from the mandatory requirement to make a take-over offer to all shareholders in the ongoing Asahi-Diageo transaction over EABL. The regulator must step in to protect minority shareholders.
A thread on why this matters for the integrity of the NSE:
@CapitalistNegro@ahmednasirlaw@NelsonHavi The subject/trigger is change in effective control in a listed company, not the shares. Takeovers & Mergers rules,2002.
Judge’s decision in EABL stake sale case raises concerns.
A judge's decision to halt the transaction between Diageo PLC and Asahi Group Holdings has raised concerns about the abuse of the Judicial process.🧵
In March 2023, Diageo increased its shareholding in EABL from 50% to 65%. Two years later, they are pimping it off to Asahi at a premium.
In 2026, ABSA Group Limited, announced their intention to increase its stake in the Kenyan unit from 68.5% to 85%. There’s been rumors another Mzansi Bank is looking for an acquisition target. Yet another Mzansi Bank just acquired control in a local bank.
As a smart speculator what should you do?😂
A study on KE elections impact on KES with 2027 scenarios...
Contested election = USDKES @ 141/-
Election violence = 155/-
* Note - only 4 cycles + other limitations
~ Ken Tobiko of Zamara
https://t.co/bEGArF1mnj
I am so frustrated. What’s the point of being a Lawyer if justice always goes to the highest bidder. What’s the point of all the years and effort in school? Might as well go dance on tiktok, law is no longer a noble profession.
@ahmednasirlaw@NelsonHavi#jurispesa
EABL Sale Put On Ice:
High Court has temporarily halted the Sh340 billion sale of British multinational Diageo’s entire 65% stake in EABL and its holding in spirits maker UDV Kenya to Japanese beverage firm Asahi Group Holdings.
#NTVTonight
That HFCK, BRITAM, EQUITY BANK Rwathia Mafia is who I’m putting my money on for the next cycle of growth. @Saagite also doing some under-reported non-lending transactions.
@MwangoCapital This is not entirely acurrate. We obtained a temporary stay against CMA’s decision to grant Asahi Holdings an exemption from making a Mandatory Takeover Offer to all EABL shareholders at parity with the offer to Diageo! —->
Update: The High Court has this morning granted our request and issued a temporary stay on the CMA’s decision to exempt Asahi from making a mandatory offer to minority shareholders of EABL. Aluta Continua! Minority shareholder rights must be upheld.
Update: The High Court has this morning granted our request and issued a temporary stay on the CMA’s decision to exempt Asahi from making a mandatory offer to minority shareholders of EABL. Aluta Continua! Minority shareholder rights must be upheld.