Diageo plc (NYSE: DEO) saw a boost in stock value following the announcement of its agreement to sell its stake in East African Breweries plc (EABL) and Kenyan spirits business to Asahi Group Holdings, Ltd. The deal, valued at $4.8 billion for 100% of EABL, equates to 17 times adjusted EBITDA. Post-tax and costs, the transaction is expected to yield around $2.3 billion in net proceeds. The sale includes Diageo Kenya Limited's 100% stake, which encompasses 65% of EABL and their interest in the Kenyan spirits business, UDVK. For more details, visit Benzinga.com.