How Heineken lost chance as preferential buyer of Sh4.1bn Kwal stake

BD Heineken

Heineken has a 55 percent stake in KWA Holdings East Africa Limited. PHOTO | SHUTTERSTOCK

Dutch brewer Heineken failed to secure the rights to acquire a 43.77 percent stake in the firm that distributes Amarula and Viceroy from the Kenyan government, exposing the multinational to a bidding war for the shares valued at Sh4.1 billion.

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