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.
