Centum in Sh370m loss on sale of unit

Centum Chief executive James Mworia. FILE PHOTO | NMG

Investment firm Centum #ticker:ICDC says it has booked a Sh370 million loss on the sale of its last remaining drinks business Kings Beverage Limited to Danish Brewing Company EA Limited.

Centum said Monday it received Sh130 million from the deal, which is a 74 percent decline of the total capital it has injected into the unit that is the exclusive distributor for Carlsberg and Tuborg beer brands.

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