Heineken NV has agreed to buy two African alcohol companies, broadening the beer giant’s exposure to a region considered among the world’s most attractive growth markets for booze.

The world’s second-largest brewer said Monday it would take control of Distell Group Holdings Ltd. , which makes cider, wine and spirits, in a roughly 2.2 billion euro deal, equivalent to $2.52 billion. Heineken also said it would buy the remainder of Namibia’s largest brewer, Namibia Breweries Ltd., that it doesn’t already own.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Colorado State apologizes for students’ pro-Russia chant directed at Ukrainian basketball player

Colorado State University is apologizing after some of its student spectators directed…

Biden administration announces $137M deal to boost production of key Covid test component

WASHINGTON — The Defense Department has announced a $137 million contract to…

Capitol rioter plotted to sell stolen Pelosi laptop to Russian intelligence

A Pennsylvania woman accused of being one of the Capitol rioters told…

Juul in Deal Talks With Three Tobacco Giants

WSJ News Exclusive Business E-cigarette maker explores potential sale, investment or distribution…