Earlier today, Diageo and Heineken announced the dissolution of their joint venture in South Africa and Namibia with Namibian Breweries Ltd (NBL). Here are the full details behind the transaction.

  1. Its shareholding in DHN Drinks to Heineken and NBL
  2. Its shareholding in the Sedibeng Brewery to NBL, and
  3. Its shareholding in NBL to Heineken
  • Diageo will then take full control of Brandhouse and run it as a standalone company
  • As a result of these moves, Heineken will pay Diageo ZAR2.51bn (US$199m)
  • Brandhouse will begin operating under the aegis of Diageo South Africa from the start of October
  • South Africa is Diageo’s fifth largest spirits market in volume terms