CCA does not now intend to make offers to acquire the minority 10.4% shareholdings in FGPL. Any acquisition of the minority shareholdings will be subject to approval by the Reserve Bank of Fiji.
The assets acquired include the brewery, with facilities in Suva and Lautoka, Fiji and Samoa, and the distillery, located in Lautoka – which produce Fiji Bitter and Bounty Rum.
CCA plans to invest up to $15m into upgrading and expanding the facilities in order to lift the quality and capability of the plant in order to produce premium export quality beer and spirits.
Source: CCA
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