- Diageo (DEO -0.9%) 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.
- The deal is expected that the deal will complete early in 2022.
- The company will continue to service the Ethiopian market with its international spirits portfolio through its dedicated imported spirits channel.
- Financial terms were not disclosed.