Centum sells entire stake in King Beverage to Danish Brewing Company

By Steve UMIDHA Last updated Aug 19, 2019

Centum investment today revealed it has successfully concluded the agreement to sell all its shareholding in King Beverage to Danish Brewing Company.

The firm, associated with billionaire businessman Chris Kirubi held 100 per cent of the issued shares of King Beverage, which is in the business of sale and distribution of various alcoholic beverages. Danish Brewing is a private limited liability company incorporated in Kenya and a subsidiary of Bounty Global Management.

King Beverage is associated with the distribution of Carlsberg beer. In 2016, it won distributorship of several world-class drinks such as the Jim Beam, Courvoisier, Teacher’s and Laphroaig single malt among others.

Steve UMIDHA 4590 posts 1 comments

Steven Umidha is a data and financial journalist with over 14 years of work experience in journalism and communication.

He specialises in finance and economics reporting as well as on the causes, impacts, and solutions of global warming, conservation, pollution and sustainability, often blending scientific literacy with journalist ethics, while involving policy analysis and multimedia storytelling across various platforms in highlighting issues from biodiversity loss to ecological justice.

Besides being the Founder of Financial Fortune Media, Umidha has previously worked with the Standard Media Group, Mediamax Networks LTD, bird story agency, Business Journal Africa, and Financial Post among other outlets.

He can be reached on: Email: info@financialfortunemedia.com
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