Wednesday , September 18 2019
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Home / Business / Centum Sells King Beverage Limited Shares to Danish Brewing Company

Centum Sells King Beverage Limited Shares to Danish Brewing Company

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Investment company Centum has revealed that it has finalized the agreement to sell all its shares in Kings Beverage Limited to Danish Brewing Company East Africa Limited.

Centum holds 100% ownership in King Beverage Limited.

Kings Beverage is famously known for the distribution of Carlsberg beer, Tuborg throughout the East African region.

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In June this year, Centum also did a similar deal where it sold its stake in Almasi Beverages Limited (“ABL”) and Nairobi Bottlers Limited (“NBL”) respectively to Coca-Cola Sabco East Africa Limited, a subsidiary of Coca-Cola Beverages Africa.

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