Diageo to sell Guinness Ghana stake to Castel for $81 mln
Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa.
Billionaire Castel to Acquire Diageo’s Unit And Expand in Ghana
Castel Group has agreed to acquire Diageo Plc’s stake in its Ghana unit and expand in the West African nation that’s just recovering from a debt crisis.
Diageo sells Guinness Ghana after denying whole brand for sale
Drinks group Diageo is selling its subsidiary Guinness Ghana Breweries, days after denying reports that it was considering a sale of the entire Guinness brand. The London-listed company said on Monday it was selling its 80 per cent stake in the Ghana subsidiary to French wine group Castel,
Diageo denies reports it is considering selling Guinness or its stake in Moët Hennessy
Bloomberg reported on Friday that Diageo was reviewing its portfolio and weighing up spinning off or selling Guinness.
Alcohol Giant Diageo Sells Majority Stake In Guinness Ghana For $81 Million
Diageo is selling its 80.4% stake in Guinness Ghana Breweries to Castel Group, enhancing their African partnership. While the sale moves forward, Diageo retains ownership of the Guinness brand and other products.
Diageo pours cold water on report of Guinness sale
Diageo ( DEO) ADRs rose Friday after Bloomberg reported that the company was looking at a potential spinoff or sale of Guinness, which may be valued at more than $10 billion.
Diageo sells major stake in Guinness Ghana Breweries to Castel Group
Diageo announced the sale of its 80.4% shareholding in Guinness Ghana Breweries to Castel Group, building on its relationship with Castel
Diageo Sells Off Another Brand to Focus On ‘Effective Portfolio Management’
Diageo announced on Thursday that the spirits behemoth was selling off yet another brand, Cacique Rum, to the French spirits company, Bardinet. The latest move marks a slightly worrying trend for Diageo.
Top investors question Diageo's growth goals
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next ...
Park the Guinness debate: getting back to basics will cheer Diageo shareholders
The speculation about Guinness grabbed the headlines – and boosted Diageo’s share price – but other, less eye-catching, moves ...
Diageo: An Incredibly Compelling Combination Of Growth, Cash Flow, And Yield
This quarter, some exciting opportunities presented themselves and Diageo was one. Click here for our DEO stock investment thesis.
Diageo rises Tuesday, still underperforms market
Diageo PLC closed 18.36% short of its 52-week high of £30.56, which the company reached on February 28th.
Diageo sells Cacique rum to La Martiniquaise
Diageo has disposed of its second rum brand in six months with the sale of Venezuelan brand Cacique to French spirits group ...