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Heineken bids for 2 Ethiopian breweries

Heineken NV said it had bid a total of $163 million for two breweries in Ethiopia as it expands in the fast-growing African market. Heineken has clinched deals in Nigeria, Rwanda and South Africa in recent months, eyeing rising incomes in Africa's emerging markets. The giant brewer said it had taken part in the public auction for the Ethiopian state-owned Bedele and Harar breweries, bidding $85 million for Bedele and $78 million for the Harar brewery.

written on 02.04.2011 um 17:55.


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