Diageo agrees to sell Meta Abo Brewery, Ethiopia

News General news

Diageo has entered into an agreement for the sale of Meta Abo Brewery, its brewery in Sebeta, Ethiopia, to BGI, part of Castel Group.

Diageo agrees to sell Meta Abo Brewery, Ethiopia — © Diageo plc

15.02.2022

Source: Company news

The sale is subject to approval by the Ethiopian Competition Commission and certain conditions. It is expected that the deal will complete early in 2022.

Diageo will continue to service the Ethiopian market with its international spirits portfolio through its dedicated imported spirits channel. Sale proceeds have not been disclosed.

Company profile: Diageo plc, Corporate Communications, Great Britain and N.I., London

Company profile: Meta Abo Brewery S.C., Diageo Group, Ethiopia, Sebeta

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