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Diageo has entered into an agreement for the sale of Meta Abo Brewery, its brewery in Sebeta, Ethiopia, to BGI, part of Castel Group. The sale is subject to approval by the Ethiopian Competition Commission and certain conditions.
When the Meta Abo Brewery Company, Ethiopia’s second largest brewery based in Sebeta, Ethiopia, was purchased from the government by UK-based Diageo PLC in 2012, sustainability of raw material supply, especially barley, was a key concern.
Jan 25, 2022 · The drinks giant acquired Meta Abo Brewery in January 2012 for US$225m and, since then, has invested US$344m into its expansion with the aim of transforming the brewing industry in Ethiopia and supported local communities through provision of clean water.
Jan 24, 2022 · ETHIOPIA – Castel Group, a multinational beverage company, has cemented its dominance in the Ethiopian market with acquisition of competitor’s brewery. According to reports by Capital Ethiopia, the French company has acquired Meta Abo Brewery from British beverage alcohol manufacturer Diageo.
Abstract. When the Meta Abo Brewery Company, Ethiopia's second largest brewery based in Sebeta, Ethiopia, was purchased from the government by UK-based Diageo PLC in 2012, sustainability of raw material supply, especially barley, was a key concern.
Jan 10, 2012 · Diageo plc, the world’s leading premium drinks business, has completed the acquisition of the Meta Abo Brewery Share Company SC (‘Meta Brewery’), a leading beer company in Ethiopia, for a cash consideration of USD225 million, subject to customary post completion adjustments.
Apr 23, 2022 · ETHIOPIA – BGI Ethiopia, subsidiary of the Castel Group has received the green Light from the Trade Competition and Consumer Protection Authority (TCCPA), to finalize acquisition of the Meta Abo Brewery from British multinational beverage alcohol company Diageo.
