Cervejas de Moçambique to pay more than €3 million in dividends

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Cervejas de Moçambique to pay more than €3 million in dividends
Cervejas de Moçambique to pay more than €3 million in dividends

Africa-Press – Mozambique. Cervejas de Moçambique, one of Mozambique’s largest companies, led by the Belgian group AB InBev, announced on Wednesday that it will distribute to shareholders more than €3 million in dividends for the 2022 financial year.

According to information sent to investors, to which Lusa has had access, the company will on December 15 pay the gross amount of 1.38 meticais for each of the 158,533,230 shares of its share capital, totalling more of 218.7 million meticais (€3.1 million) in dividends.

“This will be distributed to the holders of the shares on December 31, 2022, with dividends subject to a 10% withholding tax rate, in terms of IRPC and IRPS,” the communiqué adds, referring to the decision approved at the company’s extraordinary general meeting on October 20.

Cervejas de Moçambique is part of the Belgian group Anheuser-Busch InBev (AB InBev), which holds 83.01% of the share capital along with, among others, the Mozambican state, with a 1.37% share, and Mozambique’s National Social Security Institute (INSS), with 2.6%.

Cervejas de Moçambique (CDM) is considered the sixth largest company in the country, and was established on August 1, 1995, following the privatization of the MacMahon 2M and Manica breweries, in Maputo and Beira respectively, owners of historic beer brands such as Laurentina (launched in 1932), which it acquired in 2022 (‘2M’).

The company’s main activity is the production, distribution and sale of beer and other beverages.

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