Heineken NV (ENXTAM:HEIA) and Namibia Breweries Ltd. (NMSE:NBS) agreed to acquire an additional 42.5% stake in DHN Drinks Pty., Ltd. from Diageo plc (LSE:DGE) on July 28, 2015. Under the terms of transaction, Heineken will acquire 32.75% while Namibia Breweries will acquire 9.5% stake in DHN plus all the associated shareholder loan transfer to Heineken. Post acquisition, Heineken will hold 75% and Namibia Breweries will hold 25% stake in DHN Drinks respectively. In a related transaction, Heineken agreed to acquire an additional 15% stake in Namibia Breweries from Diageo, plus Diageo will also sale 25% stake in Sedibeng (Pty) Limited and transfer the associated shareholder loan to Heineken and Diageo agreed to acquire remaining Brandhouse Beverages (Pty) Ltd stake. Heineken will pay a total net cash consideration of €136 million to Diageo for the equity and debt positions it acquires in Sedibeng, DHN and Namibia Breweries subject to customary adjustments. Completion of the transaction is expected before calendar end 2015, and is subject to regulatory approvals.

Heineken NV (ENXTAM:HEIA) and Namibia Breweries Ltd. (NMSE:NBS) completed the acquisition of an additional 42.5% stake in DHN Drinks Pty., Ltd. from Diageo plc (LSE:DGE) on December 1, 2015. All conditions were fulfilled.