Category Archives: Namibia Breweries

Namibia Breweries

Diageo Dissolves Heineken Venture to Go Solo in South Africa

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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 →

Namibia Breweries is set to acquire 25% stake in Sedibeng Brewery and further stake in DHN Drinks for N$610 million.

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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 →