Food Industry
Industry: Email Alert RSS FeedEU approves Namibian brewery sale
Modern Brewery Age, July 21, 2003
The European Union Commission has approved Belgian brewer Interbrew SA's proposed sale of its stake in Namibia Breweries Ltd. to a joint venture between Dutch rival Heineken NV and Britain's Diageo PLC. Heineken and Diageo are paying $35 million in a deal which will give them a 28.9 percent stake in Namibia's only licensed brewer.
"If you can share cost of distribution and things such as that, then it is a pretty good proposition for both companies," said Heineken representative Manel Vrijenhoek.
Most RecentFood Articles
Interbrew acquired a stake in Namibia Breweries through its purchase of Beck's in August 2001. It says it is selling the stake to focus on internal growth. "Southern Africa is not part of Interbrew's current strategic geographic focus. However, we look forward to continuing our relationship with Namibian Breweries through the license agreement," said John Brock, chief executive of Interbrew.
About half of the production at Namibia Breweries is exported.
Brought to you by CBS MoneyWatch.com
- Best- and Worst-Paid College Degrees
- 6 Things You Should Never Do on Twitter or Facebook
- How Much Sleep Do You Really Need?
- 6 Big Myths about Gas Mileage
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
