Will the froth fly in the local beer market as an imposing new-look competitor goes toe-to-toe with the long undisputed champion?
This is a distinct possibility, now that the Competition Tribunal has finally greenlighted the sale of Remgro’s controlling stake in diversified liquor group Distell to Dutch brewing giant Heineken. Namibia Breweries, owner of beer brand Windhoek, will form the other leg of an enlarged and more imposing Heineken South Africa.
It will be squaring off against liquor heavyweight AB InBev, which houses South African Breweries ...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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‘We have already met most of the Competition Tribunal’s conditions’: Remgro CEO on Mediclinic dealIf you want to do such takeovers today in South Africa you have to accept the imposition of a so-called ‘hidden tax’, says Remgro CEO Jannie Durand. Moneyweb Business
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Heineken looks ‘beyond beer’It’s unclear at this stage what will be done with Distell’s ‘peripheral’ brands — its wine and spirits labels. If some are bundled together for sale, there would certainly be no shortage of buyers, writes MarcHasenfuss.
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Heineken looks ‘beyond beer’It’s unclear at this stage what will be done with Distell’s ‘peripheral’ brands — its wine and spirits labels. If some are bundled together for sale, there would certainly be no shortage of buyers, writes MarcHasenfuss.
Read more »
Heineken looks ‘beyond beer’It’s unclear at this stage what will be done with Distell’s ‘peripheral’ brands — its wine and spirits labels. If some are bundled together for sale, there would certainly be no shortage of buyers, writes MarcHasenfuss.
Read more »
A cheap round in CapevinAs the Heineken deal goes through, all eyes are on Distell offshoot Capevin — which may be worth well more than the R15-a-share buyout offer.
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A cheap round in CapevinAs the Heineken deal goes through, all eyes are on Distell offshoot Capevin — which may be worth well more than the R15-a-share buyout offer.
Read more »