Diageo agrees JV with UBs’ South African sorghum beer business

28 January, 2013

Diageo has announced an agreement to buy a 50% interest in the company which owns United National Breweries’ traditional sorghum beer business inSouth Africa.

The remaining 50% will be held by a company affiliated to Dr Vijay Mallya of United Breweries.

Diageo will acquire its 50% interest for $36 million (approximately £23 million), subject to adjustments. The transaction is conditional on (among other things) consent from the South African competition authority and is expected to complete in the first half of this year.

On November 9 2012, Diageo and Mallya entered into a memorandum of understanding under which they would form a 50:50 joint venture, which would own United National Breweries’ South African sorghum beer business.





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Philip Duff

Make safety sexy

It was the Worshipful Company of Distillers’ annual dinner at the Lord Mayor of London’s residence Mansion House a few weeks ago, and as a junior member of the Gin Guild I was permitted to attend, provided I promised not to pinch any silverware and did a little light sweeping afterwards.

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