Multinational brewer Heineken has announced its plans to acquire Distell Group Holdings and Namibia Breweries to form a southern African drinks group worth €4 billion ($4.6 billion). The acquisition of Distell will be a push into wine and spirits for Heineken, with liqueur brand Amarula and wines labels Nederburg and Two Oceans. “We are very excited to bring together three strong businesses to create a regional beverage champion, perfectly positioned …
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Namibia Breweries
Diageo has announced it will sell its 42.25% stake in DHN Drinks, a joint venture which owns the licenses for the combined beer, RTD and cider portfolio of Heineken, Diageo and Namibia Breweries Limited (NBL). With this transaction Heineken will increase its stake from 42.25% to 75% and NBL will increase its stake from 15.5% to 25% in DHN Drinks. NBL will also acquire the 25% stake that Diageo owns in …
A malt soft drink called Vigo is set to hit shelves in South Africa after showing positive results in other African markets. The drink’s manufacturer, Namibia Breweries Ltd, has chosen South Africa as the latest market for the drink, as a result of the brand’s success in Botswana and Zambia where it was launched in late 2013. Fastmoving reports that the brand has proven the opportunity for a malt-based soft …
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