Remgro, an investment conglomerate chaired and controlled by billionaire Johann Rupert, has bought more than 13-million Heineken Beverages shares in the past three months, taking its holding in the group to 18.8%.

Remgro said on Monday its stake in Heineken is up from the 15.5% it had after Heineken and Distell’s merger earlier in 2023, a move seen as increasing the scope to participate on the upside...

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