Diageo sells interest in Desnoes & Geddes and in Guinness Anchor Berhad to Heineken and acquires additional shares in Guinness Ghana Breweries
Diageo has today completed a transaction with Heineken which brings increased focus to their respective beer businesses in
· The sale of Diageo's 57.87% shareholding in
· The sale of Diageo's 49.99% stake in
· The acquisition by Diageo of Heineken's 20% shareholding in
The net cash consideration receivable for the transaction is
'The transaction we have announced today continues our proactive approach to our portfolio, enhancing our focus on the core to achieve Diageo's performance ambition. It provides a strong route to consumer for Guinness which will grow the brand in these markets. I am pleased that this transaction meets the clear strategic objectives of both Heineken and Diageo.'
Further information
GAPL holds 51% of Guinness Anchor Berhad in
As part of these transactions Diageo will have long term distribution agreements with GAB for the brewing and distribution of Guinness and other Diageo beer brands in
Diageo's international distribution rights to Red Stripe lager will transfer to Heineken. GGBL will continue to be Heineken's exclusive distributor in
ENDS
For further information
About Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits, beer and wine categories. These brands include
Diageo is a global company, and our products are sold in more than 180 countries around the world. The company is listed on both the
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