Beverages – African & Middle East News
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Diageo-Asahi deal faces pressure as minority shareholder seeks mandatory buyout for EABL investors
A Kenyan minority shareholder is pushing regulators to compel Asahi to offer equal buyout terms to all EABL investors amid mounting legal challenges to the Diageo deal.
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Varun Beverages completes US$125.2M acquisition of South Africa’s Twizza
Varun Beverages acquires Twizza for R2.1bn, expanding its PepsiCo-linked bottling footprint in Africa and strengthening presence in South Africa’s soft drinks market.
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Coca-Cola system to invest over US$1B in South Africa through 2030 to boost growth and jobs
Coca-Cola commits R17.6bn to South Africa, reinforcing long-term growth, job creation, and local sourcing while expanding production, distribution, and innovation across its value chain.
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Burkina Faso declares SN-BRAFASO brewery project urgent to boost industrial growth and manufacturing
Burkina Faso fast-tracks new SN-BRAFASO brewery project to expand manufacturing capacity, create jobs and strengthen economic diversification beyond gold exports.
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Diageo opposes bid to block sale of EABL stake to Asahi in court
Diageo challenges court bid to halt sale of its EABL stake to Asahi, as distributor Bia Tosha argues the deal could undermine its long-running legal dispute.