Friday 24th November 2017

Delta to complete Natbrew Zambia acquisition next year

DELTA Corporation Limited says the transaction for the acquisition of National Brewery Zambia (Natbrew) is expected to be completed by March next year as the beverages maker consolidates its position as a multi- beverages firm in the region. Delta said it would acquire a majority stake in Natbrew in order to boost its multi beverage strategy. Natbrew is the leading sorghum beer producer in Zambia whose products are marketed under the Chibuku brand.

Delta chief executive Mr Pearson Gowero said that although the firm was not at liberty to disclose the finer details of the transaction, this would be concluded in the first quarter of 2018.

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