sells majority stake

Wire

Diageo sells majority stake in Guinness Ghana Breweries to Castel Group for $81 million
ByNNR January 29, 2025January 29, 2025

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…

Read More Diageo sells majority stake in Guinness Ghana Breweries to Castel Group for $81 million
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Krispy Kreme sells majority stake of Insomnia Cookies at an enterprise value of $350 million
ByNNR July 22, 2024July 22, 2024

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….

Read More Krispy Kreme sells majority stake of Insomnia Cookies at an enterprise value of $350 million