Heineken eyes South African firm with 55pc stake in Kwal

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Kenya Wine Agencies Limited (KWAL) Chairman Muchiru Kuria. NMG PHOTO

Dutch brewer Heineken has offered to acquire a majority stake in South Africa’s beverage firm Distell Group in a transaction that will give it a stake in Kenya Wine Agencies Limited (Kwal) that distribuites Amarula and Viceroy brands.

Distell owns a 55 percent stake in Kenya Wine Agencies Limited (Kwal) which produces and markets wines, spirits, ciders and juices in the local and regional market.

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