Namibia Breweries Ltd. (NMSE:NBS) agreed to acquire 25% stake in Sedibeng Brewery (Pty.) Ltd. from Diageo plc (LSE:DGE) on July 28, 2015. Post acquisition, Namibia Breweries will hold 25% stake and rest 75% stake remains with Heineken NV (ENXTAM:HEIA) and all the associated shareholder loan transfer to Heineken. In a related transaction, Heineken agreed to acquire an additional 15% stake in Namibia Breweries from Diageo, Heineken also agreed to acquire 32.75% stake in DHN Drinks (Pty) Limited and Diageo will also sell 9.5% stake of DHN Drinks to Namibia Breweries Ltd. and transfer the associated shareholder loan to Heineken plus Diageo agreed to acquire remaining Brandhouse Beverages (Pty) Ltd stake. Diageo will receive a total consideration of ZAR 2.5 billion subject to customary adjustments. Completion of the transaction is expected before calendar end 2015, and is subject to regulatory approvals. Nabarro LLP acted as legal advisor on the deal.

Namibia Breweries Ltd. (NMSE:NBS) completed the acquisition of 25% stake in Sedibeng Brewery (Pty.) Ltd. from Diageo plc (LSE:DGE) on December 1, 2015. All conditions were fulfilled.