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BBC NEWS | Business | Heineken boosts African position (343 words) |
 | The Dutch firm is increasing its stake in Consolidated Breweries, Nigeria's third-largest brewer, from 24% to 50% for an undisclosed sum. |
| Consolidated has a 9.5% share of sales in Africa's second-largest beer market, and regulators may reject the deal. |
| Consolidated made a profit of 15.4m euros (£10.8m) last year on total sales of 40.5m euros. |
| SENS Archive (6587 words) |
| South African Breweries plc - one of the world`s leading brewers, with interests in Africa, Central and Eastern Europe, Central America and Asia - today announces its preliminary (unaudited) results for the year to 31 March 2002. |
| Our brewery in Kenya was impacted by competitive pressure but, as recently announced, we have restructured our investments in the region in conjunction with East Africa Breweries Limited and profitability should improve considerably in the future. |
| Tanzania Breweries Limited (TBL), will acquire its EABL-owned competitor in exchange for 20% in Tanzania Breweries to be funded through a share issue with the additional volumes more than compensating for the dilution effect on SAB`s shareholding in TBL. |
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