Phoenix Beverages Ltd acquires 54.4% stake in Seychelles Breweries Ltd from Diageo

Phoenix Beverages Ltd acquires 54.4% stake in Seychelles Breweries Ltd from Diageo

Phoenix Beverages Ltd (PBL), subsidiary of IBL Ltd, is a leading beverage manufacturer in Mauritius and Reunion Island, signed an agreement to acquire a 54.4% stake in Seychelles Breweries from Diageo Holdings Netherlands B.V. and Guinness Overseas Limited, members of the Diageo Group.

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