Diageo’s 80.4% ownership in Guinness Ghana Breweries PLC will be purchased by Castel Group for GH¢5.15 per share.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Castel group has agreed to acquire Diageo’s 80.4% stake in Guinness Ghana Breweries PLC at a price of GH¢5.15 per share.

The parties signed a share purchase agreement on January 28, 2025.

The acquisition of Diageo’s stake is conditioned upon obtaining the approval of the ECOWAS Regional Competition Authority (ERCA). In a circular from the Ghana Stock Exchange, Castel group said it will comply with the requirements of the Securities and Exchange Commission’s Code on Takeovers and Mergers, 2008 (Code) and intends to take the necessary steps under said Code

Source: newsthemegh.com