Cameroon: Diageo agrees to sell its Guinness Cameroon brewery to Castel Group
Beverage company Diageo has agreed to sell its Guinness Cameroon brewery to France's Castel Group for 389 million pounds ($459.8 million), the company said in a statement on July 14.
Castel will take over the production and nationwide distribution of Guinness in Cameroon under a licence and royalty agreement, it said.
"Under this new agreement, the brand will have both expanded brewing capacity and distribution. It will remain part of the global Guinness family through direct marketing oversight," Dayalan Nayager, president of Diageo Africa, said in the statement.
The deal is expected to be completed in the first half of fiscal 2023, subject to regulatory clearances. When completed, the transaction will result in an exceptional gain on disposal of approximately 250 million pounds after tax, Diageo said.
Regresar
E-malt.com, la fuente de información global para los profesionales de la industria cervecera y de malteado. Los boletines quincenales de E-malt.com incluyen las últimas noticias de la industria, estadísticas en gráficos y tablas, precios mundiales de cebada y malta, y otra información relevante. Haga clic aquí para obtener acceso completo a E-malt.com. Si usted es un cliente de Castle Malting, puede obtener acceso gratuito al sitio web y publicaciones de E-malt.com. Contáctenos para obtener más información en marketing@castlemalting.com.
