Diageo: sells stake in Guinness Ghana Breweries

(CercleFinance.com) - Diageo announces the sale of its 80.
4% stake in Guinness Ghana Breweries to the Castel Group.

Diageo will retain ownership of the Guinness brand, as well as other brands currently produced by Guinness Ghana (Malta, Orijin, Smirnoff Ice, Alvaro and consumer spirits), which will be licensed to Guinness Ghana under a new long-term license and royalty agreement.

Diageo will continue to lead the brand and marketing strategy for the iconic Guinness in partnership with Castel, to drive growth and development in the local market.

The transaction is expected to close later this year, subject to regulatory approvals.


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