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CASTLE MALTING NEWS in partnership with www.e-malt.com Greek
14 March, 2003



News from e-malt

United Breweries Group (UB), beer and drinks group based in India, intends to sell its South African subsidiary, United National Breweries (UNB), Indian Media reported. The decision was taken following the falling of Rand currency and lower demand for the sorghum beer.

First it was thought that UB was considering retaining a 50% stake and management control in UNB. But now it seams this plan is shelved in favour of selling it up. UB initially invested US$15 million in the company when it first moved into South Africa in the middle of 90s.

UNB registers sales of about US$70 million.





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This article is courtesy of E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .













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