Guinness maker Diageo sells stakes to Heineken for $780.5m
Diageo, the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd and GAPL Pte Ltd, the majority owner of Malaysia's Guinness Anchor Berhad, to Heineken NV for $780.5 million.
The transaction also includes Diageo's acquisition of a 20 percent stake in Guinness Ghana Breweries from the Dutch brewer, raising Diageo's total stake in GGBL to 72.42 percent.
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