Heineken NV (ENXTAM:HEIA) agreed to acquire an additional 15.01% stake in Namibia Breweries Ltd. (NMSE:NBS) from Diageo plc (LSE:DGE) on July 28, 2015. Post transaction, Heineken will hold 29.9% stkae in Namibia Breweries Ltd. In related transactions, Heineken also agreed to acquire 32.75% stake in DHN Drinks (Pty) Limited, Diageo will sell 9.5% stake of DHN Drinks to Namibia Breweries Ltd. and transfer the associated shareholder loan to Heineken; Diageo will also sell 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 EUR 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) completed the acquisition of an additional 15.01% stake in Namibia Breweries Ltd. (NMSE:NBS) from Diageo plc (LSE:DGE) on December 1, 2015. All conditions were fulfilled.