Nabarro advise new client Heineken on joint venture
09 May 2008
Law firm Nabarro has advised new client Heineken International BV on a complex three-way joint venture involving certain key brands in South Africa.
Heineken, Diageo PLC and Namibia Breweries have announced a joint venture for their combined beer, cider and ready-to-drink (RTD) beverage businesses in South Africa, to be called DHN Drinks. Heineken and Diageo have also announced a new joint venture to build a Greenfield brewery in Gauteng province, South Africa to produce certain products for the new joint venture company, including Amstel, Heineken and certain RTDs. The transaction is expected to complete on 30 April 2008.
The team at Nabarro was led by corporate partner Patrick Speller assisted by associate Paul Gordon. Diageo was advised by Addleshaw Goddard LLP. Cliffe Dekker and Webber Wentzel Bowens provided South African legal advice to the parties.
Patrick Speller commented:
“One of my key aims when I moved to Nabarro last year was to help grow the corporate department and so it was great coup for Heineken to instruct us on this transaction. It was an interesting deal involving a complex three-way joint venture. We look forward to working with them in the future.”
If you would like any further information or have any queries please contact:
Charlotte Tandy
Lansons Communications
T +44 (0)20 7566 9706
charlottet@lansons.com
