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flag Diageo agrees to sell its stake in East African Breweries to Japan's Asahi Group, pending approval.

flag Diageo has agreed to sell its shareholding in East African Breweries Limited (EABL) to Japanese beverage company Asahi Group Holdings. flag The transaction, subject to regulatory approval, marks a strategic shift for Diageo as it continues to streamline its portfolio. flag Asahi will acquire the stake, expanding its presence in the African market. flag The financial terms were not disclosed.

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