Nairobi, Jan. 13 -- Minority investors of listed brewer EABL have seen their paper wealth fall by Sh12.45 billion in the past four weeks.

This is after the company's share price retreated from the rally caused by the December 2025 disclosure that British multinational Diageo Plc plans to sell its 65 percent stake to Japanese beverage maker Asahi Holdings at a major premium.

EABL closed at Sh254.75 per share in Tuesday's trading at the Nairobi Securities Exchange (NSE), giving the company a total valuation of Sh201.45 billion. Minority shareholders in the company hold a 35 percent stake, giving their shares a value of Sh70.5 billion.

When the Diageo deal was disclosed on December 17, 2025, EABL was trading at Sh252 per share, before ral...