Ethiopia: BGI Buys Unibra’s Shares in Zebider

Castel Group, owner of 99.9 percent shares in BGI Ethiopia PLC, in its latest move has acquired the shares of Unibra S.A. in Zebidar Brewer S.C. However, the share transfer has to wait for COMESA’s blessing to go through.

As per Castel's statement, Zebidar has now joined the group of beers and breweries that are owned by BGI. Currently, Castel Group owns 4 breweries and the newest acquisition is said to reinforce BGI’s presence in Ethiopia. Furthermore, the acquisition consolidates the company’s activities in South and South West areas of the country.

Source: Capital

Exchange Rates

Selling Buying
USD US 27.8724  27.3259 
GBP UK 35.1253  34.4366 
EUR EU 32.6218  31.9822 
CHF CHE 26.7385  26.2142 
CAD CA 19.1719  18.796 
AED UAE 6.8674  6.7327