SABMiller has announced the establishment of two joint ventures with its pan-African partner French group Castel in Algeria and Morocco.
The deal involves two breweries and two soft drink plants in Algeria, three Moroccan breweries, a malting plant and a wet depot. These will be owned 40% by SABMiller and 60% by Castel.
SABMiller has invested $25m in the Algerian venture and $21m in the Moroccan deal. The combined businesses generated sales of $86m for the year to December 31.
The deal involves two breweries and two soft drink plants in Algeria, three Moroccan breweries, a malting plant and a wet depot. These will be owned 40% by SABMiller and 60% by Castel.
SABMiller has invested $25m in the Algerian venture and $21m in the Moroccan deal. The combined businesses generated sales of $86m for the year to December 31.
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