And yet another quiet deal in the bar
In an effort to get out of an infight with its former competitor and now partner Castel Group, Cerveias de Moçambique (CDM), 78 per cent owned by South African Breweries (SAB), announced that it was purchasing the controlling interest and management control of Laurentina Brewery from BIH.
The Laurentina Brewery was considered bankrupt. Brasseries International Holdings (BIH), a subsidiary of France’s Castel Group and stakeholder in Laurentina, has decided to pull out of Mozambique as the market of 19 million people with a beer consumption of 1 million hl in 2000 was not big enough to support two brewers. The deal, which has government approval, will avoid financial loss being sustained by all stakeholders.5 %), SPI (5,4 %) and the government (2 %)..
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