Heineken Wins Bid On Ethiopian Breweries

published 383 days, 18 hours ago posted by adminadmin 383 days, 18 hours, 9 minutes ago
Wednesday, May 04, 2011 4:07:15 AM GMT Wednesday, May 04, 2011 3:57:40 AM GMT

ADDIS ABABA, Ethiopia (AP) -- An Ethiopian official says Heineken has won a $163 million bid to buy two state-owned breweries.

Private and Public Enterprises Supervising Agency spokesman Wondafrash Assefa said Tuesday the Netherlands-based brewer wants to expand the breweries and introduce other products, possibly including nonalcoholic beverages, in the East African nation.

A Heineken spokesman told The Associated Press by phone that the company had not been notified about the government's final decision on the bid.

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