South Africa & Namibia: Diageo, Heineken and the Ohlthaver & List group of companies complete restructuring of joint ventures in South Africa and Namibia

Diageo announced on December 1 announced that, together with Heineken and the Ohlthaver & List group of companies, they have completed the restructuring of their respective joint venture operations in South Africa and Namibia.

Diageo has received a total net cash consideration of circa ZAR 2.5 billion (c. £117 million) for the equity and debt positions Diageo sold in Sedibeng, the brewery in South Africa. Diageo and Heineken previously operated in SA through a joint venture in SA called Diageo Heineken and Namibia Breweries.

02 December, 2015