Published on Fri, 09/10/2015, 01:42:46 By Andy Young

Heineken and Diageo have agreed on a US$780m deal which sees the Dutch brewer take a controlling interest in Jamaican brewery Desnoes & Geddes.

The deal also sees Heineken acquire Diageo’s 49.99 per cent stake in GAPL Pte Limited, which produces Tiger and Anchor beers, and sell its 20 per cent stake in Guinness Ghana Breweries Limited.

Desnoes & Geddes brews Red Stripe and Dragon, and Heineken now owns 73.3 per cent of the company, Heineken will also make an offer for the remaining shares. 

Read More at Source | The Shout