Diageo to sell Guinness Ghana stake to Castel

Diageo sells Guinness Ghana after denying whole brand for sale
Diageo is selling its subsidiary Guinness Ghana Breweries, days after denying reports that it was considering a sale of the entire Guinness brand.
Diageo to sell Guinness Ghana stake to Castel for $81 mln
Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa.
Billionaire Castel to Acquire Diageo’s Unit And Expand in Ghana
Castel Group has agreed to acquire Diageo Plc’s stake in its Ghana unit and expand in the West African nation that’s just recovering from a debt crisis.
Diageo sells Guinness Ghana stake to Castel Group
Guinness Ghana Breweries, in which Diageo has held an 80.4% shareholding, will remain listed on the Ghana Stock Exchange.
Alcohol Giant Diageo Sells Majority Stake In Guinness Ghana For $81 Million
Diageo is selling its 80.4% stake in Guinness Ghana Breweries to Castel Group, enhancing their African partnership. While the sale moves forward, Diageo retains ownership of the Guinness brand and other products.
Diageo denies reports it is considering selling Guinness or its stake in Moët Hennessy
Bloomberg reported on Friday that Diageo was reviewing its portfolio and weighing up spinning off or selling Guinness.
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Diageo announced on Thursday that the spirits behemoth was selling off yet another brand, Cacique Rum, to the French spirits company, Bardinet. The latest move marks a slightly worrying trend for Diageo.
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