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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.