Castel group has agreed to amass Diageo’s 80.4% stake in Guinness Ghana Breweries PLC at a worth of GH¢5.15 per share.
The events signed a share buy settlement on January 28, 2025.
The acquisition of Diageo’s stake is conditioned upon acquiring the approval of the ECOWAS Regional Competitors Authority (ERCA).
In a round from the Ghana Inventory Change, Castel group stated it can adjust to the necessities of the Securities and Change Fee’s Code on Takeovers and Mergers, 2008 (Code) and intends to take the mandatory steps underneath stated Code.
To the extent relevant underneath the Code, a compulsory takeover supply stays topic to completion of the acquisition of Diageo’s stake (which is itself topic to ERCA approval).
Castel group is a number one international drinks producer and is a associate to Diageo group in 11 different markets in Africa.
It expressed its dedication to driving the expansion of Guinness Ghana Breweries Plc.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
Source link
