Global beverage giant Diageo Holdings Netherlands B.V. has officially exited the Ghanaian market following the sale of its entire majority stake in Guinness Ghana Breweries PLC to the Castel Group.
In a statement issued on July 3, Diageo confirmed that it completed the transaction through a Free of Payment mechanism on the Ghana Stock Exchange.
The deal involved the transfer of over 247 million ordinary shares, representing 80.4 percent of Guinness Ghana’s issued shares and voting rights.
Following the sale, Diageo Holdings Netherlands B.V. ceases to be a shareholder in Guinness Ghana Breweries.
The announcement, made in compliance with Rule 55 of the Ghana Stock Exchange Listing Rules, marks a significant shift in Ghana’s beverage industry, with Castel Group expanding its footprint in the local market.
This development is likely to influence competition and pricing dynamics across the country’s alcoholic and non-alcoholic beverages sector.
That was a regulatory notice confirming Diageo’s exit from Guinness Ghana through a majority stake sale to Castel Group.
