Dutch brewer Heineken will cede a 35 percent stake in its regional alcohol distribution business including Kenya to shareholders of Distell Group as part of its acquisition of the South Africa-based firm.
The Heineken distribution businesses in Tanzania, Uganda, Kenya, and South Sudan are valued at R885.5 million (Sh6.6 billion) and will be transferred to a South African subsidiary called Sunside Acquisitions Limited that will be jointly owned by Heineken and Distell.
