"Heineken wins bid to buy 2 state-owned Ethiopian breweries for 163M, says government agency
By The Associated Press – 16 hours ago
ADDIS ABABA, Ethiopia — An Ethiopian official says Heineken has won a $163 million bid to buy two state-owned breweries.
Private and Public Enterprises Supervising Agency spokesman Wondafrash Assefa said Tuesday the Netherlands-based brewer wants to expand the breweries and introduce other products, possibly including nonalcoholic beverages, in the East African nation.
A Heineken spokesman told The Associated Press by phone that the company had not been notified about the government's final decision on the bid.
The world's third-largest brewer offered $78 million for Harar Brewery S.C. and $85 million for Bedele Brewery S.C.
Last year, Heineken enjoyed strong growth in Nigeria, South Africa, Brazil, and several mid-sized Asian countries."