The transaction involved 247,291,361 ordinary shares executed as a Free of Payment (FoP) transfer in Ghana.

Following the sale, Diageo ceases to be a shareholder in GGBL. The divestment aligns with Diageo’s portfolio strategy, though the announcement did not disclose financial terms or Castel’s plans for the brewery. Ghana Stock Exchange Rule 55 compliance was confirmed in the filing.

Castel Group, a major beverage player in Africa, now controls GGBL’s operations, which produce Guinness, Malta Guinness, and Smirnoff Ice for the West African market.