August 10, 2016 by Staff Reporter
Carlsberg has signed an agreement to divest its operations in Malawi, local media reported on Tuesday.
According to information made available to this publication, the Danish brewer will sell its 59% share in Carlsberg Malawi Limited (CML) to Castel Group, subject to regulatory and corporate approval.
The transaction is in line with the
Carlsberg Group’s new strategy to fully exploit and leverage its strengths while positioning itself for future growth.
As part of the agreement, the
group has agreed a license agreement with CML to continue to produce and sell Carlsberg in Malawi.
Carlsberg’s Executive Vice-president in Asia, Graham Fewkes, said: “In line with Carlsberg Group’s new strategy, we have evaluated all businesses in order to focus our efforts against a
narrower and more precisely defined set of priorities.
”We will continue to be present in Africa, and I am happy that our partners will continue to provide our great beers to the people of Malawi.”