Heineken N.V. (ENXTAM:HEIA) agreed to acquire the remaining 50.01% stake in NBL Investment Holdings Ltd. from Ohlthaver and List Group of Companies on November 15, 2021. In related transactions, Heineken will make recommended offer to acquire Distell Group Holdings Limited and agreed to acquire the remaining 25% stake in Heineken South Africa (Pty) Limited from Namibia Breweries Limited (NMSE:NBS). The transaction is subject to customary and applicable (including regulatory and shareholder) approvals.

The Transaction is expected to complete in the third quarter of 2022. The Transaction is expected to be EPS (beia) accretive within the first year post completion. Nomura acted as financial adviser to Heineken.