SOUTH AFRICA – Distell has topped up its booze portfolio with a dash of vodka through the purchase of a 75% shareholding in a company that owns the global rights to Cruz Vodka.
ETHIOPIA – The Norwegian Investment Fund for Developing Countries (Norfund) has announced an investment of US$7.4 million in Verde Beef Processing PLC, an Ethiopian beef producer.
SOUTH AFRICA – Anheuser-Busch InBev has completed the sale of its entire indirect shareholding in Distell Group Limited to the Public Investment Corporation (PIC), it announced on Wednesday.
KENYA – Distell continues to ramp up its investment on the African continent with the acquisition of a further 26.43% in KWA Holding East Africa (KWAL) – Kenya’s foremost spirits, wine and ready-to-drink manufacturer and distributor – from Centum Investment Company.
SOUTH AFRICA – Stellenbosch-based craft brewery Stellenbrau expects exponential growth after a landmark deal with Heineken SA.
SOUTH AFRICA – The Competition Tribunal has approved the Public Investment Corporation’s (PIC) acquisition of Anheuser-Busch InBev’s 26.5% stake in Distell but no details of the price have been made public.
UK – Weetabix, the British cereal brand that carries a royal warrant, looks likely to be gobbled up by the American cereal giant Post Holdings in a £1bn-plus deal that could be announced as soon as this week.
TANZANIA – Dairy processor Brookside is preparing to exit the Tanzanian market with the sale of its entire stake in the subsidiary to French partner Danone.
SOUTH AFRICA– Pioneer Foods, home to brands such as Ceres, Weet-Bix and Liqui Fruit, has told shareholders it is in talks.
RWANDA – AgDevCo, a social impact agribusiness investor, has announced a $0.45m debt investment into a Rwandan mushroom grower.