UK/SA: Diageo confirms sorghum beer unit JV with UB Group
Diageo already operates JVs in Africa
The UK-based company will pay US$36m for a 50/50 share in United National Breweries, Diageo said today (28 January). The other half will be held by a company affiliated to UB Group's chief, Vijay Mallya.
The transaction is expected to complete in the first half of this year subject to consent from the South African competition authority.
Diageo already operates a cost-sharing JV in South Africa, Brandhouse Beverages, with Heineken and Namibia Breweries. Brandhouse is a marketing, sales and distribution company for premium alcohol beverages in the country. At the same time, Diageo and Heineken jointly own a brewery in Sedibeng near Johannesburg, which was opened two years ago.
Since the great recession of 2008/2009 Diageo has transformed itself, primarily through acquisition, from being overly focused on mature markets to a more balanced geographic split and if, as seems li...
- Comment - Diageo Spins the Guinness Wheel... Again
- Diageo's Labels Give Industry Something to Digest
- Comment - 'Craft' and the Danger of 'Romance Copy'
- Who should Stock Spirits Acquire?
- Is A-B InBev/SABMiller 'Mega-Merger' Off?
- Diageo lines up UK innovations push
- Craft is an 'abused' term - Pernod Ricard exec
- Pernod Ricard queries nutritional label use
- SPI Group 'disappointed' over Stolichnaya ruling
- Diageo's Guinness Golden Ale
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Champagne: Less Than Bubbly
- Beer Market Insights Africa 2014
- ALDI 2015: Radically transforming Anglo Saxon grocery markets