Dutch Brewing Company Heineken Announces Plans To Acquire Distell
Dutch Brewing Company Heineken Announces Plans To Acquire Distell. Dutch Brewing Company Heineken announced its plans of acquiring South African brewing company Distell. The company also announced that it will be acquiring Namibian Breweries to create a new Brewery for the Southern African market with a total valuation of approximately €4 billion.
According to the company, a recommended offer by Heineken for Distell, which values the businesses to be acquired at approximately €2.2 billion (approximately R38.1 billion) and is subject to, Distell shareholder approval; the proposed acquisition from NBL of its 25% shareholding in Heineken South Africa (‘HAS’), which values the whole of HAS at approximately €1.5 billion(approximately R26 billion), and is subject to, NBL shareholder approval. 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 (referred to as Newco). Heineken will own a minimum of 65% of Newco, with the remainder held by Distell shareholders who elect to reinvest.
“We are very excited to bring together three strong businesses to create a regional beverage champion, perfectly positioned to capture significant growth opportunities in Southern Africa. Distell is a highly regarded, resilient business with leading brands, a talented workforce and a strong track record of innovation and growth in Africa. With NBL, there are exciting opportunities to expand premium beer and cider in Namibia and grow the iconic Windhoek brand beyond its home market. Together we will be able to better serve our consumers and customers through a unique combination of multi-category leading brands and a strengthened route-to-market.” Dolf Van Den Brink CEO of Heineken said on the company’s website.
He continued to say, “The businesses share common values derived from their family heritage, long-term perspectives, entrepreneurial spirit, and care for people and planet. We have successfully built our business in Africa over 100 years. Today’s announcement is a vote of confidence in the long-term prospects of South Africa and Namibia and we commit to being a strong partner for growth and to make a positive impact in the communities in which we operate.”
