Nigerian Breweries (NB) has completed the acquisition of a majority stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria), the company said in a regulatory filing on Saturday.
The acquisition was concluded after the approval of the South Africa Reserve Bank (SARB) for NB to acquire the shares of the South African entity, Distell International Limited (now known as Heineken Beverages Holdings Limited) in Distell Nigeria.
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