Tag Archives: United National Breweries

Diageo sells United National Breweries to Delta Corp

Diageo Plc announced on Thursday it has entered into an agreement for the sale of United National Breweries (UNB), a maker of sorghum-based traditional African beer called Chibuku in South Africa to Delta Corp of Zimbabwe.

The British-based alcoholic beverage firm said that the transaction is subject to regulatory approval and expected to close in the second-half of 2019.

Delta Corp, Zimbabwe’s largest company and a subsidiary of Anheuser-Busch InBev is a leader in sorghum-based beer with its own brand of Chibuku. The purchase by Delta would be its second outside of Zimbabwe. It acquired Zambia’s National Breweries Plc, also a brewer of Sorghum-based Chibuku Shake-Shake in January, making it the largest producer of such brand of beer.

Diageo takes full ownership of South Africa’s United National Breweries

Diageo Plc has taken full control of South Africa’s United National Breweries after acquiring the remaining 50% stake in the company.

London-based Diageo said it paid £14.8m ($22m) to acquire the remaining 50% stake in UNB. It also agreed to pay an additional $14m if UNB met certain future earning goals.