Heineken eyes South African firm with 55pc stake in Kwal
Heineken eyes South African firm with 55pc stake in Kwal Thursday May 20 2021 By VICTOR JUMA Summary Dutch brewer Heineken has offered to acquire a majority stake in South Africa’s beverage firm Distell Group in a transaction that will give it a stake in Kenya Wine Agencies Limited (Kwal) that distribuites Amarula and Viceroy brands. Distell owns a 55 percent stake in Kenya Wine Agencies Limited (Kwal) which produces and markets wines, spirits, ciders and juices in the local and regional market. Dutch brewer Heineken has offered to acquire a majority stake in South Africa’s beverage firm ...
Source: businessdailyafrica.com