Advertise with

Distell: Group to buy stake in Kenya
Distell: Group to buy stake in Kenya

Distell: Group to buy stake in Kenya


IOL Business/ Reuters - Apr 8th, 09:08

The Kenyan government planned to sell a large part of its stake in a domestic wines and spirits marketer to South Africa’s Distell Group, the privatisation commission said on Friday 

. The commission said Distell would purchase 26 percent of Kenya Wine Agencies Limited (KWAL) for an undisclosed amount. The government owns about 73 percent in KWAL. As part of the sale, Distell will sign a long-term supply agreement with KWAL for the marketer to have exclusive rights to sell Distell products in Kenya. – Reuters  

Related News

Meatco and Witvlei bid for Norwegian meat quota, Namibia
22/10/2013 - 08:31
Meat processing companies, Meatco and Witvlei Meat, have once again bid for the lucrative beef export quota to Norway, which is set at 1600 tonnes per year and pays 72% more than exports to other parts of Europe. Earlier this month, the Meat Board of Namibia requested for bids for the Norway quota from local meat companies.

PC market doing better than expected
15/10/2013 - 07:55
Despite a year on year decline of 7.6%, the worldwide PC market didn’t do as badly as it was expected to do in Q3 2013.

Asian bacteria threatens Florida oranges
14/10/2013 - 09:13
Washington - Citrus production in Florida, the world's second largest orange juice supplier after Brazil, is being threatened by a bacteria from Asia that has scientists racing for a remedy.

Foschini African expansion to salvage poor SA retail outlook
11/10/2013 - 08:07
Foschini, JSE’s worst-performing clothing retailer this year, said it plans to open 21 new stores on the rest of the continent as consumers in South Africa continue to struggle in debt.

Distell taps into China's cognac market
09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East.