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Heineken in takeover talks with SA wine and spirits maker Distell

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Distell said on Tuesday that Heineken NV, the world's second-largest brewer, has approached the wine, cider and spirits company regarding the potential acquisition of majority of its business.

Distell, whose market capitalisation was R31.8bln at the close on Monday, said in a statement it had been approached by Heineken regarding a potential acquisition of the majority of its business.

Distell also makes wines and spirits, including Amarula and Two Oceans wines. Heineken already sells beer in SA.

 

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