Agribusiness
Madiou Simpara (Gaselia) bulks up his Ivorian subsidiary to fend off Heineken, CFAO and Castel

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.

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            ▪ 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.

http://www.jeuneafriquebusinessplus.com/en/804388/madiou-simpara-gaselia-muscle-sa-filiale-ivoirienne-face-a-heineken-cfao-et-castel/

14/05/2020 at 20h19, by Aurélie 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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