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Diageo to sell Guinness Ghana stake to Castel
Diageo sells Guinness Ghana after denying whole brand for sale
Diageo is selling its subsidiary Guinness Ghana Breweries, days after denying reports that it was considering a sale of the entire Guinness brand.
Diageo to sell Guinness Ghana stake to Castel for $81 mln
Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa.
Billionaire Castel to Acquire Diageo’s Unit And Expand in Ghana
Castel Group has agreed to acquire Diageo Plc’s stake in its Ghana unit and expand in the West African nation that’s just recovering from a debt crisis.
Diageo sells Guinness Ghana stake to Castel Group
Guinness Ghana Breweries, in which Diageo has held an 80.4% shareholding, will remain listed on the Ghana Stock Exchange.
Diageo denies reports it is considering selling Guinness or its stake in Moët Hennessy
Bloomberg reported on Friday that Diageo was reviewing its portfolio and weighing up spinning off or selling Guinness.
Diageo Sells Off Another Brand to Focus On ‘Effective Portfolio Management’
Diageo announced on Thursday that the spirits behemoth was selling off yet another brand, Cacique Rum, to the French spirits company, Bardinet. The latest move marks a slightly worrying trend for Diageo.
6h
Park the Guinness debate: getting back to basics will cheer Diageo shareholders
The speculation about Guinness grabbed the headlines – and boosted Diageo’s share price – but other, less eye-catching, moves ...
1d
Top investors question Diageo's growth goals
Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next ...
2d
Diageo rises Tuesday, still underperforms market
Diageo PLC closed 18.36% short of its 52-week high of £30.56, which the company reached on February 28th.
Opinion
2d
Opinion
Ditching Guinness for Moet Is a Hard Choice for Diageo
The drinks company has long coveted LVMH’s wine and spirits division. But that might not be worth selling off Britain’s most ...
1d
Diageo: An Incredibly Compelling Combination Of Growth, Cash Flow, And Yield
This quarter, some exciting opportunities presented themselves and Diageo was one. Click here for our DEO stock investment thesis.
3d
Diageo falls Monday, underperforms market
Diageo PLC DGE shares inched down 0.40% to £24.94 Monday, on what proved to be an all-around great trading session for the ...
1d
Citi Reaffirms Their Buy Rating on Diageo (DGEAF)
In a report released today, Simon Hales from Citi maintained a Buy rating on Diageo (DGEAF – Research Report), with a price target of £29.00.
1d
Diageo sells Cacique rum to La Martiniquaise
Diageo has disposed of its second rum brand in six months with the sale of Venezuelan brand Cacique to French spirits group ...
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Related topics
Guinness
LVMH
Trade
Moët Hennessy
Castel Group
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