Carlsberg has agreed to sell its stake in its Malawi Brewery to Castel

Carlsberg has agreed to sell its stake in its Malawi Brewery to Castel

Carlsberg has agreed to divest its 59% share of brewing and bottling facility Carlsberg Malawi to Castel Group. 

The brewer said today that the move is part of its strategy to "leverage its strengths while positioning itself for future growth". Financial details were not disclosed. 

As part of the deal, Carlsberg has confirmed a licence agreement which will see the Malawi facility produce and sell Carlsberg in the country. 

"In line with Carlsberg Group's new strategy, we have evaluated all businesses in order to focus our efforts against a narrower and more precisely-defined set of priorities," said EVP Asia, Graham Fewkes. "We will continue to be present in Africa, and I am happy that our partners will continue to provide our great beers to the people of Malawi."

Carlsberg laid out its SAIL '22 strategy earlier this year. In June, the company said it would close its UK distribution division. Carlsberg employs 1,800 people in the UK, of which 900 work in some form of logistics.