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Asgard Alcobev Expands Reach with CMJ Breweries Acquisition

Asgard Alcobev Expands Reach with CMJ Breweries Acquisition

Asgard Alcobev, previously Banganga Paper Industries, has acquired a 78.9% stake in CMJ Breweries, making it a subsidiary. The acquisition supports the company's strategy to diversify into the alcoholic beverage sector, capitalizing on growth opportunities. This move follows the company's recent rebranding and relocation efforts.

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