{"id":474264,"date":"2021-11-15T12:28:39","date_gmt":"2021-11-15T12:28:39","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474264"},"modified":"2021-11-15T12:28:39","modified_gmt":"2021-11-15T12:28:39","slug":"heineken-to-bid-on-south-african-breweries-distell-and-namibian-breweries","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/15\/heineken-to-bid-on-south-african-breweries-distell-and-namibian-breweries\/","title":{"rendered":"Heineken to bid on South African breweries Distell and Namibian Breweries"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Heineken NV has announced its intention to acquire South African companies Distell Group Holdings and Namibia Breweries Ltd to form a Southern African beverage group. The new entity majority-owned by the Dutch brewer will have a total valuation of around 4 billion euros (4.6 billion dollars).<\/p>\n<p>In a statement issued on Monday, November 15, Heineken said the purchase is expected to boost the group&#8217;s profits in the first year.<\/p>\n<p>&#8220;We are very pleased to bring together three strong companies to create a regional beverage champion, perfectly positioned to seize important growth opportunities in Southern Africa,&#8221; Van den Brink, CEO of Heineken, said in the statement.<\/p>\n<p>The purchase would be the first for Dolf van den Brink, who took over as Heineken in June 2020 and launched a plan to restore profit margins, in part by cutting 8,000 jobs.<\/p>\n<p>As a reminder, Distell\u2019s deal negotiations with Heineken, the world&#8217;s second largest beer maker, were first announced last May.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Heineken NV has announced its intention to acquire South African companies Distell Group Holdings and Namibia Breweries Ltd to form a Southern African beverage group. The new entity majority-owned by the Dutch brewer will have a total valuation of around 4 billion euros (4.6 billion dollars). In a statement issued on Monday, November 15, Heineken<\/p>\n","protected":false},"author":527297,"featured_media":474265,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[15971],"tags":[20183,3836,20184,14178],"class_list":{"0":"post-474264","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-industry","8":"tag-distell","9":"tag-heineken","10":"tag-namibian-breweries","11":"tag-south-african","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Heineken to bid on South African breweries Distell and Namibian Breweries - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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