Tag Archives: Amarula

Amarula to launch limited Edition designs in celebration of Africa

Amarula cream liqueur from the stables of South Africa-based Distell Group will be unveiling limited-edition packaging of its flagship drink to showcase Africa’s cultural diversity.

The company said it has partnered with African artists to design four limited edition bottles which will be introduced at this year’s Tax Free World Association (TFWA) Asia Pacific Exhibition & Conference being held in Singapore from 6 -10 May.

AB InBev to sell Distell stake

Anheuser-Busch InBev NV has agreed to sell SABMiller’s stake in South African spirits maker Distell Group Limited to the country’s largest Pension administrator – The Public Investment Corp (PIC) for an undisclosed amount.

According to Wednesday’s closing price on the Johannesburg Stock Exchange (JSE), the 26.4% stake is said to be worth about R8.92bn rand ($640m).

South Africa’s Remgro to raise $727m to acquire SABMiller’s stake in Distell

South Africa’s Remgro, an investment group said on Tuesday it would raise R9.9bn ($727m) to consider deals, including a right to buy SABMiller’s stake in drinks company Distell Group.

The company said it would raise the funds through a rights offer and the sale of B shares, it said in a statement on Tuesday. Investors will get 10 shares for every 100 they own at a price of R192.50 per share ($14.15) under the terms of the rights issue, which represents a 21% discount on Tuesday’s closing price of R241.72 ($17.77).