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
-
Gov’t is set to issue a 7-year cedi bond on March 30, first since 2022
2 hours -
Graduates flood the workforce without practical skills – Auba Consult CEO
2 hours -
GCB Bank strengthens market leadership with record GHS3.2 billion profit in 2025
2 hours -
Luv FM Primary Schools Quiz: Manna International School books finals slot
2 hours -
Universal Hospitals Group marks Ghana month with donation to children at Ridge Hospital
2 hours -
Senegal to parade Afcon trophy despite title being stripped
2 hours -
A-Plus announces plans to build port, launch Free Zones and new city in Gomoa Central
3 hours -
Elon Musk’s X advertising boycott lawsuit dismissed by US judge
3 hours -
Fear of losing elections shouldn’t stop you from doing right — A-Plus
3 hours -
‘It’ll come back to hunt you’ – Senanu warns Minority against politicising Damang Mine lease
3 hours -
Mahama welcomes UN resolution declaring slavery gravest crime against humanity
3 hours -
Paramount Chief of Asante Akyem Agogo, Nana Akuoko Sarpong passes on
3 hours -
NIA announces early closure of registration centres for Heritage Month activities
3 hours -
My focus is industrialisation, not parliamentary debates—A-Plus
4 hours -
Inclusivity and accountability key to Ghana’s development – NDPC Chairman
4 hours