Diageo is on track to close roughly $3 billion in gross asset disposals in calendar 2026, led by the planned sale of its 65% stake in East African Breweries and its Kenyan spirits business to Asahi Group Holdings, expected to complete between July and December. CEO Dave Lewis, who took over following a February sell-off that knocked 13% off the stock, also completed the sale of United Spirits Limited's stake in the Royal Challengers Bengaluru cricket franchise in March, and has flagged further portfolio trimming including potential Chinese asset disposals. The company cut its dividend by 50% in February and is running a $625 million cost program called Accelerate.
Sources: Business Daily Africa; Kavout / Bloomberg data; Investegate (Diageo RNS); Diageo investor disclosures. Compiled with AI assistance and editorially reviewed by Jason Littrell. As of 2026-06-15T00:45:00Z.