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aaa-ftwon Mar 31, 2011 12:19am
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When it's 45C in the shade, miners will get thirst
When it's 45C in the shade, miners will get thirstHeineken Seeks Expansion in Ethiopia
AMSTERDAM—Dutch brewer Heineken NV said Wednesday it is in talks to buy two state-owned breweries in Ethiopia for a total of $163 million, in bid to expand its footprint in a fast-growing region.
The Ethiopian government is seeking to privatize the breweries and has entered exclusive talks with Heineken after the brewer made the highest bid in a tender procedure, a company spokesman said.
The breweries have a total capacity of 60 million liters a year and a market share of 20%, the spokesman said. A deal would make Heineken the No. 2 brewer in Ethiopia after BGI Castel, a unit of privately owned French drinks company Groupe Castel.