Diageo has sold its majority stake in Seychelles Breweries to Mauritius-based Phoenix Beverages for around $80m. The Guinness owner held a 54.4% stake in the publicly-listed Seychelles Breweries, ...

“This acquisition is a key milestone for Phoenix Beverages as we continue to expand our presence in the region. Seychelles Breweries boasts a strong heritage with a broad spectrum of consumer ...