Castel Group has announced the acquisition of Guinness Ghana Breweries Limited (GGBL).This follows approval from the ECOWAS Regional Competition Authority to proceed with the acquisition.
Accordingly, pursuant to a share purchase agreement signed on 28 January 2025, Castel Group has acquired Diageo’s 247,291,361 ordinary shares in Guinness Ghana at a price of GH¢5.15 per share.
The acquisition triggers the mandatory takeover requirements under the Securities and Exchange Commission’s Code on Takeovers and Mergers, 2008.
However, based on the strategic plans that Castel group has for the growth of Guinness Ghana, Castel has requested an exemption from the mandatory takeover requirements, which was granted by the Securities and Exchange Commission (SEC) on 3 July 2025.
Accordingly, Castel Group will not be making an offer to acquire the shares of the remaining shareholders of Guinness Ghana