Carlsberg Malawi sold to Castle Group: Beer to continue to be produced and sold in the country

Danish brewer Carlsberg has announced the sale of its stake in Carlsberg Malawi Limited to Castel Group for an undisclosed fee, as it executes its strategy to slim down the company and focus on core businesses.

Carlsberg Malawi

Carlsberg Malawi

Castel Group is one of the world leaders in wines, beers and soft drinks production, with a wide existence in Africa and Europe.

As part of the deal, Carlsberg has signed a license agreement allowing Carlsberg beer to continue to be produced and sold in Malawi, it said.

Carlsberg  said it has sold its major stake  inline with the Group’s new strategy  to focus their efforts “against a narrower and more precisely-defined set of priorities.”

Earlier this year, the brewer laid out a new strategic plan that it hopes will position it for growth and reverse a lacklustre earnings trend amid pressure from declining eastern European markets and a weak ruble, in particular.

Wednesday’s sale of its 59% Malawi stake is pending regulatory and corporate approval, it said.

Local conglomerate Press Corporation Limited, which used to hold a 50 percent stake in Carlsberg Malawi, recently shed off 10 percent of its equity which went to the, then parent firm, Carlsberg Denmark.

The company’s workers Union representatives are  feaing jb cuts owing to the major shakeup.

Workers Union General Secretary, Wilson Sochera asked for more time before he could respond on the matter.

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Nzondi
Guest
Nzondi
1 month 19 days ago

The truth is: Massive cashgate at the company that was never concluded. Company failed to declare dividends and major shareholder has opted out. Akuti mwina ena alowemo azazionele okha. Chikaonda ill-talked fellow PCL directors on the board and Carlsberg Hong-kong has no sweet words for PCL directors. It is actually Chikaonda who has motivated Carlsberg to exit akuti PCL ikhaule in the coming months so that his departure should be felt. Zambiri zili kuchitika in the next few months. Press ilira red blood. Mukhaula muona, you should have let him go long ago.

ANALYST
Guest
ANALYST
1 month 20 days ago

Izitu zisasokoneze Chill komanso Green wanga okondeka! Izi nzopusa izi, chiboma cha DPP chikutiwonongera economy yathu – for a company like Carlsberg Group to sell their stake in Carlsberg Malawi Limited, ndiye kuti zavuta!

Maunisi
Guest
Maunisi
1 month 20 days ago

So thats what we talked about leadership in the country plays a crucial in as far as development of the country is all about. Lets agree here zinthu zavuta. Kugulitsa Carsberg boma lagwa misonkho mutenga kuti yonunkhanayo agalu inu. Kamuzu fought for those companies to be established in Malawi.

Mbebe
Guest
Mbebe
1 month 20 days ago

That is the beginning of demise of companies Kamuzu sweated to bring to Malawi. As the economy nose-dives under the disabled leadership more companies will close

Mapwevupwevu
Guest
Mapwevupwevu
1 month 20 days ago

There is no brewer known as Castel!

Jonasi
Guest
Jonasi
1 month 19 days ago

And none called Castle either. Castle beverages are produced by SAB.

Mzondi Chirambo
Guest
Mzondi Chirambo
1 month 20 days ago

Actually there is. Not to be confused with Castle, Castel is a family run business that was established in 1949 in Bordeux in France. It started as a wine merchant but is now a major producer of wines in both Europe and North Africa and has breweries in several African countries, including Cameroon and Ethiopia.

Sauzande
Guest
Sauzande
1 month 20 days ago

Yes there is. Castel is a very large French brewing company founded by the Castel Family. It is very dominant in central and West Africa. Largest wine producer in Europe and second largest beer producer in Africa. In Congo they produce the popular Simba beer. Castel is not same as Castle from SA. You can Google their website.

Mphondo Zagadabuka
Guest
Mphondo Zagadabuka
1 month 20 days ago

Koto ineee green uja pawulendooooo!!!!

President Chidakhwa
Guest
President Chidakhwa
1 month 20 days ago

Let us drink more and more beers. Party

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