We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Heineken | EU:HEIA | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.22% | 90.38 | 90.14 | 91.14 | 91.04 | 90.22 | 90.66 | 645,143 | 16:40:00 |
By Ian Walker
Heineken NV said Monday that it has agreed to buy Distell Group Holdings Ltd. for around 2.2 billion euros ($2.52 billion) as part of a plan to create a new South African business.
The Dutch brewer also said it is buying 25% of Heineken South Africa from Namibia Breweries Ltd. for EUR1.5 billion as well as Ohlthaver & List Group of Companies' 50.01% interest in NBL Investment Holdings (Proprietary) Ltd. Heineken already owns the 49.99% of NBl Investment.
Once the deals have completed, Heineken said it will contribute these assets as well as its interest in Heineken South Africa into a new company. Heineken will own 65% of the new business with Distell shareholders owning the rest.
"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," Heineken Chief Executive and Chairman Dolf van den Brink said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 15, 2021 02:21 ET (07:21 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Heineken Chart |
1 Month Heineken Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions