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Heineken

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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