Heineken bids for two Ethiopian breweries
Heineken NV, the
world’s third-largest brewer, 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.
“With its large,
growing population, political stability, improving economy and rapidly
growing beer market, Ethiopia is a promising, long-term growth market
for Heineken in Africa,” Heineken said in a statement emailed to
ANP-Reuters.
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