Varun Beverages announces ₹11,187 crore Twizza acquisition
after close1 source ↓written by the desknot a recommendation
- Proprietary Limited
- ₹11,187 crore
- in the South
- 100% stake
Varun Beverages Limited has detailed its strategic acquisition of Twizza Proprietary Limited for ₹11,187 crore. This deal involves a 100% stake in the South African beverage manufacturer, positioning Varun to tap into Africa's largest soft drinks market, which is poised for growth.
• Enterprise Value: ZAR 2,095 million (₹11,187 million)
• Target Revenue: ZAR 1,689 million (₹9,019 million)
This acquisition enhances Varun's international footprint and market presence.
Not investment advice. For informational purposes only.