In Brief Moving mountains
First up, cheers to happy couple Distell and Heineken, given the nod last week by the Competition Tribunal for the R47bn acquisition of the former by the latter. “We are very excited to bring together three strong businesses to create a regional beverage champion, with a unique multi-category offer to better serve consumers, customers and create shared societal value across southern Africa,” says Heineken CEO Dolf van den Brink. And as one major South African business exits the JSE, another one revives its plan for listing, namely and viz. the Premier Group, soon to offer its shares on a R6.9bn equity valuation. Next, Castle Lager will soon turn by-products of its beer brewing process into “Bread-of-the-Nation”, a high-fibre, high-protein, sustainably produced loaf. Finally, the iconic Matterhorn is to disappear from Toblerone packaging after a good run of almost a century, as some production moves to Slovakia to meet growing global demand. Swiss national symbols are not allowed to be used to promote milk-based products that are not made exclusively in Switzerland.
Comment: Beer, bread, chocolate, yup, all bases covered.