Diageo completes restructuring of South African operations

01 December, 2015

Diageo has announced that, together with Heineken and the Ohlthaver & List group of companies, they have completed the restructuring of their respective joint venture operations in South Africa and Namibia.

Diageo has received a total net cash consideration of circa ZAR 2.5 billion (c. £117 million) for the equity and debt positions Diageo sold in Sedibeng, the brewery in South Africa, Diageo and Heineken previously operated in SA through a joint venture in SA called Diageo Heineken and Namibia Breweries.

Keywords: diageo




Comment

Joe Bates

Turning travellers into shoppers

In Cannes last month as I dashed around from stand to stand and from interview to interview amid a whirl of product launches and cocktail parties, I heard one question asked over and over again.

Click for more »

Events

Facebook

Twitter