Heineken Beverages Holdings Limited, formerly known as Sunside Acquisitions Limited, is a special-purpose vehicle set up by Heineken to house its Southern and Eastern African assets alongside the bulk of the Distell business.[1]
History
On 15 November 2021, Heineken announced a plan to acquire part of Distell Group business, in order to become the market-leading alcoholic beverage supplier in South Africa.[2] Through the deal, Heineken and Remgro aimed to spin off a bulk of Distell's business to Sunside Acquisitions Ltd.[3] As part of the transaction, Heineken agreed to merge its investments in Heineken South Africa, Namibia Breweries and operations in Kenya, Uganda, Tanzania, Zambia, Botswana, Zimbabwe