date:Jul 18, 2022
Diageo has agreed to sell Guinness Cameroon S.A., its brewery in Cameroon, to Castel Group for 389m.
On completion, Castel will take over the production and nationwide distribution of Guinness in Cameroon under a licence and royalty agreement.
Dayalan Nayager, president Diageo Africa, said: Guinness has outgrown its existing brewery in Douala as a result of its strong performance. Under this new agreement, the brand will have both expanded brewing capacity and distribution.
It will remain par