Billionaire Castel to Acquire Diageo's Unit And Expand in Ghana.

Billionaire Pierre Castel's Castel Group has agreed to acquire Diageo Plc's stake in its Ghana unit for $104 million, aiming to expand in Ghana as the country recovers from a debt crisis. Castel's CEO, Gregory Clerc, sees this acquisition as a significant step in their growth strategy, tapping into the economic potential of Ghana under President John Mahama. Castel will continue to brew, produce, and distribute Diageo brands in Ghana under a new license and royalty agreement, making Ghana their 22nd market in Africa. [Extracted from the article]