SABMiller makes organisational changes at African operations

Global brewer SABMiller Plc January 9, 2012 announced that it has made some organisational changes in its African operations.

The changes which took effect from January 1, 2012, the British-based brewer says forms part of its strategic alliance agreement with French brewer Castel Group.

“The changes involve the combination of 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,” SABMiller said in a statement.

The statement adds “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 South Africa 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, it noted.

Both companies are said to be two of the leading brewers in Africa with strong and complementary market positions on the continent.

SABMiller operates in 15 countries in Africa while the Castel Group operates primarily in west and central Africa.

By Ekow Quandzie

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