This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
Cranswick Premium Wines – European Union
The European Commission has proposed an immediate ban on self-chilling drinks gas due to worries over harmful gas emissions.
A proposed joint Diageo and Heineken acquisition of Interbrew’s stake in Namibian Breweries Ltd has been approved by the EU state commission.
The deal means that the joint venture will acquire the stake for €31m and Interbrew will sell its 44% stake in NBL Investment Holdings (which owns 50.1% of Namibian Breweries). In addition to a purchase of 6.8% of a local brewer, Diageo and Heineken will control 28.9% of Namibian Breweries.
Interbrew acquired the stake through its purchase of Germany’s Becks lager brand two years ago, but Southern Africa is not part of the company’s focus. The European Commission has proposed an immediate ban on self-chilling drinks gas due to worries over harmful gas emissions.
A report on the reduction of overall emissions of dangerous hydrofluorocarbons, perfluorocarbons and sulphur hexafluoride by Ecofys and Oko- Recherche released by the Commission, fears that the technology could become popular because of the commercial interest of the drinks industry in self-chilling beverage containers.