Diageo sells stakes in Jamaican, Malaysian brewers to Heineken
(Reuters) - Diageo Plc (LSE:DGE.L - News), the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd (:DG.JS) (D&G) and Malaysian beer producer Guinness Anchor Bhd (Kuala Lumpur:3255.KL - News) to Heineken NV (Amsterdam:HEI.AS - News).
The disposal includes sale of Diageo's 57.87 percent stake in D&G to Heineken, bringing Heineken's stake in D&G to 73.32 percent.
Diageo on Wednesday also sold its 49.99 percent stake in Guinness Anchor to Heineken and simultaneously acquired a 20 percent stake in Guinness Ghana Breweries Ltd (:GGBL.GH), raising its total stake in GGBL to 72.42 percent.
(Reporting by Aastha Agnihotri in Bengaluru; Editing by Gopakumar Warrier)