Billionaire Castel to Acquire Diageo’s Unit, Expanding Beverage Empire in Ghana

In a significant move within the beverage industry, billionaire entrepreneur Alain Castel is set to acquire Diageo's subsidiary, Guinness Ghana Breweries Limited. This acquisition marks a critical expansion strategy for Castel as he aims to strengthen his footprint in the rapidly growing Ghanaian market. The deal, which is valued at approximately $500 million, emphasizes the increasing competition in Africa's beverage sector, particularly in the alcoholic drinks segment.

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