Diageo (LON:DGE) lags FTSE 100 after Kenya court postpones ruling on $2.3 bln sale
A Kenyan court has blocked Diageo’s $2.3 billion sale of East African Breweries to Asahi for the fourth time, stalling a deal key to Diageo’s balance sheet plans. Diageo shares slipped 0.6% in London Thursday and remain down 27% from last year’s high. About 150 jobs in Ireland are at risk as the company faces sluggish sales, especially in North America. Both sides still target a second-half 2026 closing.