Heineken-Distell merger finally gets approval from Competition Tribunal

📆 09-03-23 16:15:00
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Acquisition of SA’s largest liquor company will create a brewing giant to better compete with AB InBev’s SAB, despite shareholder dissatisfaction with the deal price

Heineken and Distell’s R40.1bn merger has been given the go ahead by the Competition Tribunal almost 18 months since the tie-up was announced.

In November 2021, Heineken offered R180 for Distell shares in two parts of the business. The talks about the deal were announced in May that year. ..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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I would rather say well done Distell

Well done Heineken!!!

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