Heineken agrees Distell acquisition

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Dutch brewer Heineken has agreed a deal to acquire South Africa’s Distell Group Holdings and Namibia Breweries Ltd (NBL) to form a southern Africa drinks group worth $4.6bn. Heineken will pay around 40.1bn rand or $2.62bn for Distell. The finalisation of the deal, expected in 2022, is subject to regulatory and shareholder approvals. Upon completion,…

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