Guinness Ghana Breweries PLC (GGBL), one of Ghana’s top breweries and a prominent company listed on the Ghana Stock Exchange (GSE), is set for a major ownership change following the sale of Diageo Holdings Netherlands BV’s 80.4% stake to Castel Group.
The transaction, valued at GH₵5.15 per share, is a cash deal with payment made in USD, based on an agreed exchange rate.
This move positions Castel Group, a renowned beverage giant in Africa, as the majority shareholder of Guinness Ghana, which currently holds a market capitalization of GH₵1.69 billion and trades at GH₵5.50 per share.
Guinness to Remain on GSE
Despite the sale, Guinness Ghana will continue to operate as a publicly listed entity on the GSE.
The company has also confirmed that it will maintain licensing and royalty agreements with Diageo, ensuring the production and distribution of Diageo’s iconic brands like Guinness in Ghana.
In a statement, the GGBL Board emphasized that the partnership between Castel and Diageo would ensure seamless brand strategy and marketing efforts.
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“Diageo remains deeply committed to Ghana, and in collaboration with Castel, will continue driving the long-term growth of Guinness and other Diageo brands in the market,” the statement read.
Castel Group Expands African Footprint
The Castel Group, which has been active across Africa since the 1960s, has a strong reputation for forging partnerships with leading multinational companies in the beverage industry.
This acquisition further strengthens its foothold in West Africa, adding Guinness Ghana’s operations to its portfolio.
No Disruption to Operations
The Board reassured stakeholders that the transaction would not impact daily operations or staff.
“It’s business as usual at Guinness Ghana, and we do not foresee any disruptions to operations or any adverse effects on employees,” the company stated.
Closing the Deal
The sale, which is subject to regulatory approval, is expected to be finalized later in 2025.
As Guinness Ghana transitions to majority ownership under Castel, it aims to build on its legacy while maintaining its strong connection with Diageo to deliver the iconic brands that have defined the Ghanaian brewery industry.
This strategic acquisition marks a significant milestone for Guinness Ghana, promising new opportunities for growth and innovation under the leadership of Castel Group.
