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Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on ...

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Diageo has agreed to sell its 80.4pc stake in Guinness Ghana to Castel Group for $81m, the drinks giant said on Tuesday.

Diageo said it would sell its shareholding in Guinness Ghana Breweries for $81 million to beverage company Castel Group, the latest move in a shift of its business model in Africa.