Diageo Unit Investor Wants Asahi Kenya Offer Made to All Owners

A minority shareholder of Diageo Plc’s Kenyan subsidiary has asked the East African nation’s authorities to compel Asahi Group Holdings Ltd. to make a mandatory takeover offer to all investors, the latest legal headwind to face the $2.3 billion deal.

Shane Ngechu petitioned the Capital Markets Authority to compel Asahi to make a mandatory takeover offer to all East African Breweries Ltd. shareholders, including minority ones, on the same terms as those agreed with Diageo, according to a letter by his lawyers.