Diageo sells Meta Abo Brewery

Diageo has sold their Meta Abo Brewery in Ethiopia to the French multinational Castel Group, which already owns BGI Ethiopia. BGI has been the major brewery in Ethiopia with over 50 percent market share of beer market in the country. Meta Abo was privatized by the Government of Ethiopia in 2012 and sold to Diageo for $225 million. In 2015 Diageo has invested an additional $119 million for expansion of bottling line. No transaction value was disclosed.