Varun Beverages acquires Twizza for ₹1118.7 cr
after close1 source ↓written by the desknot a recommendation
- in South Africa-based
- 100% equity
Varun Beverages Ltd has approved the acquisition of 100% equity in South Africa-based Twizza for an enterprise value of ZAR 2,095 million (₹1118.7 cr). This acquisition will be executed through its subsidiary, The Beverages Company, and is pending regulatory approvals from the Competition Commissions of South Africa, Botswana, and Eswatini. Twizza manufactures a range of non-alcoholic beverages across southern Africa.
This strategic move enhances Varun Beverages' footprint in the African market, potentially boosting its revenue streams and market share in the region.
Not investment advice. For informational purposes only.