Portugal’s Central de Cervejas gets go-ahead from UK owners to invest in Angola

10 August 2007

Luanda, Angola, 10 Aug – Portuguese drinks firm Central de Cervejas has received approval from its British owners, Scottish and Newcastle, to invest in Angola, media reported.

The Jornal de Angola daily newspaper said Thursday that the Portuguese company aims to become the biggest importer of drinks in Angola by 2012.

Central de Cervejas CEO Alberto da Ponte said the firm plans to promote its Sagres brand in Angola, as Portuguese products “have great acceptance” among Angolan consumers.

Portugal supplies around 650 million liters of drinks to Angola, with beer accounting for 80 percent of this total.

Central de Cervejas and Portugal’s Unicer account for most drinks exports from Portugal to Angola, but ECM of Madeira also manages to sell some products in the African state. (macauhub)