Heineken in R40.1bn deal to buy Savanna-maker Distell

The merger, first proposed in May, will join the world’s largest and second-largest cider manufacturers

European brewer Heineken will buy SA’s largest alcohol producer, Distell, maker of Savanna and Hunters Dry, for R180 a share, the company announced on Monday 

This values Distell, a Stellenbosch-based wine and sprits company, at R40.1bn...

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