Carlsberg Group has signed an agreement to sell 59% of its share in Carlsberg Malawi Limited to Castel Group.
The registration of the transaction is pending certain regulatory and corporate approvals.
The transaction is in line with Carlsberg Group’s new strategy to fully exploit and leverage its strengths while positioning itself for future growth.
As part of the agreement, the Group has agreed a license agreement with CML to continue to produce and sell Carlsberg in Malawi.
Carlsberg Group executive vice president Asia Graham Fewkes said: “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.
"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.”
