Disposal follows speculation about group’s portfolio ahead of annual results next week

Financial Times

London

Greater London

England

United Kingdom

Diageo sells Guinness Ghana after denying whole brand for sale

Diageo has agreed to sell its 80.4pc stake in Guinness Ghana to Castel Group for $81m, the drinks giant said on Tuesday.

Media Bias/Fact Check

Irish Independent

Mediahuis

Ireland

Diageo sells Guinness Ghana amid speculation around the wider beer brand

Ad Fontes Media

All Sides

Nikkei Inc.

Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors say may no longer be realistic given sliding sales across the sector.

BizToc

Euro Weekly News

Spain

Diageo has no plans to sell Guinness

Diageo has announced the sale of its 80.4% stake in Guinness Ghana Breweries to the Castel Group.
 
The alcohol giant Diageo is selling its majority stake in Guinness Ghana for 81 million dollars. This values the company at 104 million dollars. This operation strengthens Castel's presence in West Africa, while Ghana is emerging from a debt crisis.
“Guinness Ghana is experiencing strong growth thanks to a fantastic team. With this transaction, I …

Diageo a annoncé la vente de sa participation de 80,4 % dans Guinness Ghana Breweries au groupe Castel.
 
Le géant de l’alcool Diageo vend sa participation majoritaire dans Guinness Ghana pour 81 millions de dollars. Ce qui valorise la société à 104 millions de dollars. Cette opération renforce la présence de Castel en Afrique de l'Ouest, alors que le Ghana sort d'une crise de la dette.
« Guinness Ghana connaît une forte croissance grâce à une é…

Affaires : Après le Cameroun, Castel rachète Guinness Ghana

Journal du Cameroun

Cameroon

Business: After Cameroon, Castel buys Guinness Ghana

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/guinness-ghana-breweries-to-be-acquired-by-castel-group/Guinness Ghana Breweries PLC has announced that Diageo Holdings Netherlands BV will sell its 80.4% stake in the company to Castel Group for a cash consideration of 5.15 Ghanaian Cedis per share. The purchase price will be converted into USD, with payment to Diageo at the completion of the deal. As pa…

News Ghana

Guinness Ghana Breweries to be Acquired by Castel Group

Diageo has moved to end media speculation that it is planning to sell its Guinness beer brand, or its 34 per cent stake on Moët Hennessy. The rumour mill swung into action late last week with Bloomberg News reporting that Diageo was looking to cash in on the strong growth that Guinness has enjoyed in recent years. The popular Irish stout brand has seen double-digit growth every year since 2021, and has also benefitted from the global moderation …

The Shout

Diageo moves to end Guinness sale rumours

Diageo plc has sold its 80.4% shareholding in Guinness Ghana Breweries plc to Castel Group. A statement announcing this said regardless of the sale, “Diageo will retain ownership of the Guinness brand, and other Diageo brands currently produced by Guinness Ghana, which will be licensed to Guinness Ghana under a new long-term license and royalty agreement. Diageo will continue to drive the brand and marketing strategy for the iconic Guinness bran…

MyNewsGh

Diageo plc sells its shares in Guinness Ghana Breweries plc to Castel Group

Global beverage giant Diageo has announced the sale of its 80.4% stake in Guinness Ghana to Castel Group for $81 million. The transaction, unveiled on Tuesday, is part of Diageo’s ongoing strategy to refine its operating model across Africa’s diverse markets. Despite relinquishing its controlling stake, Diageo will retain ownership of the Guinness brand and other prominent labels produced by Guinness Ghana. These will be licensed back to the com…

thesudantimes.com

Spirits giant Diageo sells stake in Guinness Ghana to Castel

Drinks giant Diageo has confirmed the sale of its 80.4% shareholding in Guinness Ghana Breweries to Castel Group for $81 million.

Diageo sells Guinness Ghana after denying whole brand for sale

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics