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Heineken's offer for Distell disappoints, investors may opt for shares

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After Heineken made its intentions clear earlier this year with an announcement to take over Distell, the world's second largest brewer conducted the transaction on Monday at a price of R38.4 billion.
After Heineken made its intentions clear earlier this year with an announcement to take over Distell, the world's second largest brewer conducted the transaction on Monday at a price of R38.4 billion.
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Heineken's long-awaited offer for Distell has disappointed the market, which may convince shareholders to take shares in a planned new southern Africa alcohol giant instead.

After first announcing its interest in a takeover of Distell in May, Heineken made a €2.2 billion (~R38.5 billion) offer for the group on Monday.

Dutch group Heineken is the world's second-largest brewer after Anheuser-Busch InBev. Heineken, which owns Strongbow, is the biggest cider maker in the world. Distell – with Savanna and Hunters Dry – is the second-biggest cider producer worldwide. Distell also owns brands like Nederburg, JC le Roux, Klipdrift and Amarula.

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