Namibia Breweries is set to acquire a 25% stake in the Sedibeng Brewery and further its stake in DHN Drinks by 9.5% after Heineken, Diageo plc and The Ohlthaver& List (O&L) Group of Companies, the controlling shareholder of Namibia Breweries Limited (NBS) decided to restructure their respective joint venture operations… Continue reading
SENS: Diageo Plc said it’s dissolving a joint venture with Heineken NV in South Africa and neighbouring Namibia three years earlier than planned so the world’s largest distiller can fully own its operations in those countries. Diageo will receive about 128 million pounds ($199 million) from a series of transactions… Continue reading
NBS will buy Diageo’s 25% stake in Sedibeng, while Heineken will retain their current 75%. Diageo will sell their 42.25% interest in shares of DHN to Heineken and NBS on same terms so they will thereafter each hold shares in DHN in proportions 75%, 25% respectively. Total consideration payable by… Continue reading