Edition:
United Kingdom

Heineken completes restructuring of South African and Namibian operations


Tuesday, 1 Dec 2015 

Heineken NV:Completes restructuring of South African and Namibian operations.Says Heineken, Diageo plc and Ohlthaver & List completed restructuring of their joint operations in South Africa and Namibia.In South Africa, Heineken now holds a 75 percent stake in DHN Drinks (Pty) Limited ('DHN') and a 75 percent stake in Sedibeng (Pty) Limited.In Namibia, Heineken now indirectly holds a 29.9 percent stake in NBL.Says to have paid a total net cash consideration of about ZAR 2.0 billion (about 138 million euros) to Diageo for equity and debt positions it acquired in Sedibeng, DHN and NBL.