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Heineken in talks to buy South African drinks maker Distell


AfricaHeineken in talks to buy South African drinks maker Distell
Reuters
2 minute read
Heineken beers are seen on a production line at the Heineken brewery in Jacarei, Brazil June 12, 2018. REUTERS/Paulo Whitaker
Heineken NV (HEIN.AS) is in talks with South African drinks maker Distell (DGHJ.J) about a possible acquisition, the two companies said on Tuesday, in what would mark a push into wine and spirits for the world’s second-largest brewer.
Wines, spirits and cider maker Distell, which had a market capitalisation of 31.8 billion rand ($2.27 billion) at Monday s close, said Heineken was interested in buying the majority of its business, sending its shares up more than 10% in early trade. ....

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