Heineken-Distell merger finally gets approval from Competition Tribunal

📆 3/9/2023 2:15 PM
📰 BDliveSA

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Business News News

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.

Write Comment

I would rather say well done Distell

Well done Heineken!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Swiss probe supply stink in $5bn scent marketCompetition commission targets market leaders Givaudan, domestic rival Firmenich, International Flavors & Fragrances and Symrise
Source: BDliveSA - 🏆 12. / 63 Read more »