Castel Group has reached an agreement to acquire an 80.4% shareholding in Guinness Ghana Breweries PLC from Diageo Holdings Netherlands B.V.

The transaction, valued at GH? 5.15 per share, was formalized through a share purchase agreement signed on January 28, 2025.

The deal is contingent upon regulatory approval from the ECOWAS Regional Competition Authority (ERCA).

Castel Group also plans to adhere to the requirements outlined in Ghana’s Securities and Exchange Commission’s Code on Takeovers and Mergers.

In line with regulatory provisions, a mandatory takeover offer for the remaining shares could follow upon completion of the acquisition and receipt of necessary approvals.

Castel Group, a major player in the global beverages industry, has an existing partnership with Diageo in 11 other African markets.

The company has expressed its commitment to fostering the growth of Guinness Ghana Breweries PLC following the acquisition.