Heineken To Buy Control Of Distell And Namibia Breweries

The Transaction will also involve proposed acquisition from NBL of its 25% shareholding in HEINEKEN South Africa or 'HSA', which values the whole of HSA at about 1.5 billion euros.

Heineken will buy Ohlthaver & List Group of Companies or O&L's 50.01% interest in NBL Investment Holdings (Proprietary) Limited ('NBLIH'), the controlling shareholder with a 59.4% shareholding in NBL.

HEINEKEN already owns a 49.99% interest in NBLIH. NBL's current market valuation is about 400 million euros.

At completion, Heineken will contribute these acquired assets plus its 75% directly owned shareholding in HSA and certain other fully owned export operations in Africa, into an unlisted public holding company or Newco.

HEINEKEN will own a minimum of 65% of Newco, with the remainder held by Distell shareholders who elect to reinvest.

The transaction is expected to complete in the course of 2022. (dpa)

https://www.yumda.com/en/news/1173539/heineken-to-buy-control-of-distell-and-namibia-breweries.html

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