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…
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Krispy Kreme sells majority stake of Insomnia Cookies at an enterprise value of $350 million
Krispy Kreme Inc. (NASDAQ: DNUT) today announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The transaction represents a $350 million total enterprise value, which has doubled since Krispy Kreme’s 2018 acquisition. “As we build a bigger and better Krispy Kreme, this transaction allows us to focus…