Audio By Carbonatix
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.
To the extent applicable under the Code, a mandatory takeover offer remains subject to completion of the acquisition of Diageo’s stake (which is itself subject to ERCA approval).
Castel group is a leading global beverages manufacturer and is a partner to Diageo group in 11 other markets in Africa.
It expressed its commitment to driving the growth of Guinness Ghana Breweries Plc.
Latest Stories
-
Four suspects arrested in fatal kidnapping attempt near Chereponi
32 minutes -
Sankofa Pan-African Committee honours Temple of Rabbi leader as ‘Custodian of Peace’
36 minutes -
Obuasi Trade Show records high turn-out and strong impact
51 minutes -
‘Obroni wawu’ – The paradise of waste: Where Charity becomes a curse
1 hour -
38 arrested in intelligence-led police operations across parts of Tema Region
1 hour -
Experts say missing engine part in most Ghanaian vehicles polluting air, sickening people
2 hours -
India express train kills seven elephants crossing tracks
2 hours -
Gunmen kill nine in South Africa tavern attack
2 hours -
Charting a New Course for National Prosperity: Why an open ship registry can anchor Ghana’s twenty-four-hour economy vision
3 hours -
Ghana Airways restoration key to national pride and economic reset – Ablakwa Â
3 hours -
US seizes second oil tanker off Venezuela’s coast
3 hours -
Australian PM announces intelligence review as country mourns Bondi attack
4 hours -
Imran Khan and wife given further jail terms after state gift fraud case
4 hours -
5 perish in fatal collision on Cape Coast–Takoradi Highway
4 hours -
Sing Traditional Area marks 10 years of reign of youngest paramount queenmother
4 hours