Carlsberg Group to Divest Business in Malawi
Carlsberg Group agreed to sell its 59% share of Carlsberg Malawi (previously The Bottling and Brewing Group) to Castel Group. The transaction is in line with Carlsberg Group’s new strategy to fully exploit and leverage its strengths while positioning itself for future growth. As part of the agreement, Carlsberg Group has signed a license agreement with Carlsberg Malawi to continue to produce and sell Carlsberg in Malawi.
Graham Fewkes, executive vice president Asia at Carlsberg Group, says: “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.”
The registration of the transaction is pending certain regulatory and corporate approvals.
