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A share purchase agreement signed on January 28, 2025, confirmed the deal, which was priced at GH̼ 5.15 per share.
The ECOWAS Regional Competition Authority's (ERCA) regulatory approval is required for the transaction to proceed.
Castel Group also intends to follow the guidelines set forth in the Code on Takeovers and Mergers of the Securities and Exchange Commission of Ghana.
After the acquisition is completed and the required permissions are obtained, an obligatory takeover offer for the remaining shares may be made in accordance with regulatory provisions.
Diageo already has a collaboration with Castel Group, a significant participant in the global beverage business, in 11 additional African regions.
Following the acquisition, the business has stated its intention to support Guinness Ghana Breweries PLC's expansion.
Diageo already has a collaboration with Castel Group, a significant participant in the global beverage business, in 11 additional African regions.
Following the acquisition, the business has stated its intention to support Guinness Ghana Breweries PLC's expansion.