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Africa drinks group

Heineken to buy South Africa’s Distell and Namibian Breweries

Heineken said on Monday it planned to buy South Africa’s Distell Group Holdings and Namibia Breweries Ltd to form a southern Africa drinks group worth 4 billion euros ($4.6 billion).

The purchase of Distell would mark a push into wine and spirits for the world’s second-largest brewer, with liqueur brand Amarula and wines including well-known labels such as Nederburg.

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