Phoenix Beverages to acquire 54.4% stake in Seychelles Breweries from Diageo

Phoenix Beverages to acquire 54.4% stake in Seychelles Breweries from Diageo

Phoenix Beverages, a beverage manufacturer in Mauritius and Reunion Island, and a subsidiary of IBL Ltd, has 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. Read more...

Phoenix Beverages Ltd, a subsidiary of the IBL Group and leader in the beverage industry in Mauritius and Réunion, recently announced a significant new step forward. The company acquired 54.4% of Seychelles Breweries Ltd, also known as Seybrew, from the Diageo Group. This acquisition marks an important step in the expansion of Phoenix Beverages in the Seychelles market.