Details from both sides have not been released yet, but credible sources have confirmed that the sale took place domestically, according to Capital Newspaper.
Diageo paid $225 million for Meta ten years ago, when public enterprises were selling it for an undisclosed sum. The Japanese National Tobacco Company’s sales remained high until 2016 when they purchased a $ 510 million share in the company. By straying into the Ethiopian wine sector, Castell has been able to put the country on the map of the world’s leading wine producers and exporters. Furthermore, Diageo Ethiopia, a subsidiary of the French business, has had a successful quarter-century in the beer market.
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