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
-
KNUST College of Engineering deepens industry partnerships to drive innovation and national development
51 minutes -
Mammoth crowd turned up for 2025 edition of Joy FM’s Family Party in the Park
1 hour -
NDC can’t change the constitution alone – Minority MPs hold key role, says Barker-Vormawor
1 hour -
Parents of Persons with Disabilities call for affordable rehabilitation servicesÂ
1 hour -
Barker-Vormawor urges President Mahama to lead constitutional reform implementation
1 hour -
Dr Nyaho Nyaho-Tamakloe calls for abolition of ex gratia payments, excessive benefits for public officeholders
2 hours -
Dr Nyaho Nyaho-Tamakloe backs review of presidential immunity provisions in Ghana’s constitution
2 hours -
Dr Nyaho Nyaho-Tamakloe opposes presidential term extension
2 hours -
Dr Nyaho Nyaho-Tamakloe: On Ghana’s constitution review and the future of democratic governance
3 hours -
Victoria Bright supports lowering presidential age limit to 30
3 hours -
Where Rain Falls but Water Dies
3 hours -
Christmas Embrace: Sametro Group honours 250 widows in Tarkwa with gifts
3 hours -
Victoria Bright: Weak institutions make presidential term extension risky
4 hours -
Police net 120 suspects in major East Legon drug and crime swoop
4 hours -
Three suspected armed robbers shot dead by Police in Ashanti region
4 hours