Diageo plc sells stake in Seychelles Breweries Limited and focuses on high-margin brands

Diageo plc (NYSE:DEO) completed the sale of its 54.4% shareholding in Seychelles Breweries Limited to Phoenix Beverages Limited for approximately $80 million on July 1st. The deal reflects the company’s strategic move to focus on high-margin brands while maintaining a strong presence in the Indian Ocean region through licensing agreements.

Under the terms of the deal, Diageo plc (NYSE:DEO) retains ownership of key brands produced by Seychelles Breweries, such as Guinness and Smirnoff RTDs. These brands will continue to be produced and distributed in Seychelles under new long-term license and royalty agreements, ensuring ongoing collaboration. The company operates a vast portfolio of brands and has a presence in 180 countries.

Read more at Yahoo Finance: Diageo plc (DEO) Announces Completion of Sale of Its Shareholding in Seychelles Breweries Limited