Sunside Acquisitions Limited
Heineken Beverages, formerly known as Sunside Acquisitions Limited, is a special-purpose vehicle set up by Heineken to house its Southern and Eastern African assets alongside the bulk of the Distell business.[1]
 | |
| Formerly | Sunside Acquisitions Limited |
|---|---|
| Type | Public limited company |
| JSE: DGH | |
| Industry | Brewing, Beverage |
| Predecessor | Distell Group |
| Founded | 10 October 2020 |
| Owner | Heineken |
| Subsidiaries |
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| Website | https://www.heinekenbeverages.co.za/ |
History
On 15 November 2021, Heineken announced a plan to acquire part of Distell Group business, in order to become the market-leading alcoholic beverage supplier in South Africa.[2] Through the deal, Heineken and Remgro aimed to spin-off a bulk of Distell's business to Sunside Acquisitions Ltd.[3] As part of the transaction, Heineken agreed to merge its investments in Heineken South Africa, Namibia Breweries and operations in Kenya, Uganda, Tanzania, Zambia, Botswana, Zimbabwe and South Sudan into the new entity.[4]
References
- "Distilling the Distell deal". 18 January 2022. Retrieved 22 April 2022.
- Philip Blenkinsop and Promit Mukherjee, Heineken to buy South Africa's Distell and Namibian Breweries at: Reuters
- Cohen, Tim (13 February 2022). "Don't get too tipsy on Heineken's offer for Distell". Retrieved 27 April 2022.
- "Sunside Acquisitions Limited Prospectus". Heineken. 17 January 2022. Retrieved 27 April 2022.
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