24 January, 2022

Ethiopia: Diageo agrees to sell Meta Abo Brewery to BGI - report

Diageo has entered into an agreement for the sale of Meta Abo Brewery, its brewery in Sebeta, Ethiopia, to BGI, part of Castel Group, the Seeking Alpha reported on January 24.

The sale is subject to approval by the Ethiopian Competition Commission and certain conditions.

The deal is expected to complete early in 2022.

The company will continue to service the Ethiopian market with its international spirits portfolio through its dedicated imported spirits channel.

Financial terms were not disclosed.

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