KEMMCOM Media and Communications

TCCPA Gives BGI Ethiopia the Go-ahead to Complete the Meta Abo Brewery Acquisition

Published On: April 22, 2022

The global leader in beverage alcohol, Diageo, had entered into an agreement for the sale of Meta Abo Brewery (the brewery it bought in Sebeta from Ethiopia’s government for $225 Mn in 2012) to a part of the Castle Group, BGI, in January of this year. The sale, although its proceeds have been unspecified, had been awaiting the approval of the Ethiopian Competition Commission until now.