|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||117.50 - 117.50|
|52 Week Range||86.70 - 121.75|
|Beta (5Y Monthly)||0.75|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.84 (0.72%)|
|Ex-Dividend Date||Apr. 26, 2021|
|1y Target Est||N/A|
JOHANNESBURG (Reuters) -Heineken NV is in talks with South African drinks maker Distell about a possible acquisition, the two companies said on Tuesday, in what would mark a push into wine and spirits for the world's second-largest brewer. Wines, spirits and cider maker Distell, which had a market capitalisation of 31.8 billion rand ($2.27 billion) at Monday's close, said Heineken was interested in buying the majority of its business, sending its shares up more than 10% in early trade.
The Dutch brewer said UK on-trade sales were close to zero in the three months to the end of March.
Heineken NV, the world's second-largest brewer, fared better than expected at the start of 2021 as increased beer sales in Africa and Asia offset a sharp decline in Europe. The maker of Europe's top-selling lager Heineken, Tiger and Sol, retained its outlook that the impact of the COVID-19 pandemic was significant and markets should gradually improve in the second half of 2021, depending on vaccine roll-outs. Sales in Africa, the Middle East and Eastern Europe jumped 9.9%, with particularly strong performance in Nigeria and South Africa, growth in the former held back by supply constraints and expansion in the latter despite alcohol bans in January and over the Easter weekend.