Diageo may sell its East African beer operations worth up to $2 billion. The company has hired Bank of America and Goldman Sachs for a strategic review. French brewer Castel emerges as a likely buyer ...

Diageo is to sell its stake in the publicly listed Guinness Ghana Breweries to French drinks group Castel for $81m. Guinness Ghana Breweries, in which Diageo has held an 80.4% shareholding, will ...

There are no negotiations, nothing," Guy de Clercq, director of BGI Castel, the beer and soft drinks subsidiary of the privately owned drinks group, told Reuters in Paris.

Castel Group, one of Africa’s most established beverage companies, officially assumes majority ownership and operational leadership of Guinness Ghana following the successful regulatory approval ...

The transaction, which involved the sale of Diageo’s 80.4% shareholding to Castel, underscores a shared ambition to grow the Guinness brand and strengthen the long-term presence of Guinness ...