Heineken: I’ll have a whisky with that, barman
The real kicker in Heineken’s takeover of Distell could be a later sale of the Capevin assets— now valued at a steal
27 January 2022 - 05:00
A cheap round of spirits may soon be on the table thanks to Heineken’s proposed takeover of Stellenbosch-based liquor group Distell.
The beer giant is effectively stumping up R180 a share to take control of Distell. The transaction is broken down into R165 a share for Newco assets, including Distell’s best-selling cider, wine, ready-to-drink and spirits brands, and R15 a share offer for Distell’s premium-brand international whisky (the old Burn Stewart Distillers brands) and Gordon’s Gin businesses that have been bundled into Capevin...
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