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© Reuters. FILE PHOTO: Glasses of Heineken beer are seen at a restaurant in Hanoi, Vietnam May 30, 2019. Picture taken May 30, 2019. REUTERS/Kham
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© Reuters. FILE PHOTO: Glasses of Heineken beer are seen at a restaurant in Hanoi, Vietnam May 30, 2019. Picture taken May 30, 2019. REUTERS/Kham
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JOHANNESBURG (Reuters) – South Africa’s Competition Commission approved Heineken (OTC:)’s purchase of wine and cider company Distell Group as long as the merged entity invests more than 10 billion rand ($578 million) over five years in the country.
The Commission said on Friday the investment would be to maintain and grow the aggregate productive capacity of its operations and related facilities in South Africa.
The Dutch brewer announced in November its planned purchase of Distell and Namibia Breweries Ltd to form a southern African drinks group worth 4 billion euros ($4 billion).
($1 = 17.3035 rand)
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