Diageo Holdings Netherlands BV, major shareholders in Guinness Ghana Breweries PLC (GGBL) has sold its shares to Castel Group.
The company was established in 1991 and is currently listed on the Ghana Stock Exchange. Guinness Ghana Company sits on the 11th position on the stock market and valued at GHC 1.69 billion.
Hitherto, Diageo’s shares in Guinness Ghana was 80.4percent. As of now, it has old all of those shares to Castel Group Africa Legacy.
The transaction was valued at GHC 5.15 per shares.
Regardless of the sale, Guinness Ghana Breweries will remain listed on the Stock Exchange.
