Diageo sells another brewing asset in Africa, this time in Seychelles

United Kingdom | Diageo has sold its majority stake in Seychelles Breweries to Mauritius-based Phoenix Beverages for around USD 80 million, media reported in early April. The owner of Guinness held a 54.4 percent stake in the only total beverage company in Seychelles, which also makes SeyBrew beer. The firm will continue to be listed on the Seychelles Stock Exchange after the deal is closed.

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