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Ivory Coast: Solibra brewery buys Socodis shares

05/01/2021
Source : financialafrik.com
Categories: Companies

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The Société de Limonaderies et de Brasseries d'Afrique (Solibra) has bought all the shares of the Société Ivoirienne de Conditionnement et de Distribution (Sicodis). Both subsidiaries of the French industrial group Castel, these companies closed the transaction on December 18, 2020, according to a statement dated December 29.

Sicodis, which is active in tuna conservation and in the distribution of beverages, packaging and packaging, merges into Solibra with its 38,686 shares sold.

For its part, the brewery had planned for the second half of 2020 a boom in activities, like 2019 which saw an upturn. The first half of the year was marked by the effects of Covid-19.

Slightly impacted by the effects of the pandemic, Solibra experienced a decline of 1.011 billion CFA francs in profit, which went from 8.782 billion CFA francs at 30 June 2019 to 7.771 billion CFA francs at 30 June 2020.

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