Heineken, which is buying SA’s largest alcohol producer, Distell, believes it may have to dispose of its Strongbow cider brand in SA due to possible competition concerns.
The European brewer made a R40.1bn offer for Distell, which owns the Savanna and Hunters brands. The deal still requires competition authorities’ approval and a majority shareholder vote. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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