Diageo sells majority stake in Guinness Ghana Breweries to Castel Group for $81 million

LONDON: Diageo has sold its 80.4% stake in Guinness Ghana Breweries to Castel Group for $81 million, marking a strategic shift in its African operations. The deal, announced Tuesday, follows months of speculation about Diageo’s plans in West Africa, which the company had previously denied.  Under the agreement, Diageo will retain ownership of the Guinness brand and…