Tuesday, 24 January 2012

SABMiller Makes Changes in its African Operations


SABMiller is to combine the operational management of the Castel and SABMiller businesses in Nigeria and Angola, with the Nigerian businesses being managed in future by SABMiller, and the Angolan businesses being managed by Castel.
Announcing the operational changes on Monday, the brewing giant said the changes in its African operations, effective from 1 January, were a part of its strategic alliance agreement with the Castel Group.

Amendments have also been agreed to the terms of the strategic alliance agreement to provide for improved sharing of best practice and technical expertise, and a more precise methodology for the existing mutual pre-emptive rights over the groups' respective beverage operations in Africa, excluding SA and Namibia.

The existing strategic alliance agreement, pursuant to which SABMiller has a 20% shareholding in Castel's other African beverage interests and Castel has a 38% shareholding in SABMiller's principal African holding company, is otherwise unchanged.

Commenting on the changes, Graham Mackay, Chief Executive of SABMiller said: "Our relationship with the Castel Group has gone from strength to strength over the decade that the strategic alliance has been in place.

"We believe that these operational changes will benefit our local businesses, our minority partners, and our customers and consumers in both Angola and Nigeria, and demonstrate both groups' long-term commitment to the alliance."

 SABMiller operates in 15 countries in Africa - Botswana, Comores, Ethiopia, Ghana, Kenya, Lesotho, Malawi, Mayotte, Mozambique, Nigeria, South Sudan, Swaziland, Tanzania, Uganda and Zambia.

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