Heineken sees synergies from Distell deal but not from job losses
Reuters
Published Nov 15, 2021 10:13
BRUSSELS (Reuters) - Dutch brewer Heineken sees synergies in production, logistics and procurement from buying South Africa's Distell Group Holdings and Namibia Breweries Ltd but does not see them coming from job losses, its chief executive said on Monday.
"There's good cost synergies, not really employment-driven. We will also be engaging with the minister of trade on making commitments in that regard, but I don't expect any job losses in the near term," Dolf van den Brink told Reuters.
Hw also said revenue synergies would be "significant", adding: "I think typically that's code language for at least 10% of revenue or over, which I think is what we have typically been able to promise and deliver in similar deals in the recent past."
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.