Madiou Simpara (Gaselia) bulks up his Ivorian subsidiary to fend off Heineken, CFAO and Castel
After the arrival of a new shareholder, the West African group is boosting its capital to stay in the game as international conglomerates continue to dominate the local market.
14/05/2020 at 18h19, by Aurelie Benoit
On 11 May, the Grand-Bassam Commercial Court approved the capital increase carried out by Nouvelle Brasserie de Côte d’Ivoire, a subsidiary of Mali’s Gaselia Group. The boost in capital from 1.9 billion to 4.8 billion CFA francs comes on the back of a decision taken last November by the board of directors of the company, led by businessman Madiou Simpara.
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