STANDARD BANK FINALISES R2.1 BN SALE OF SA SOFT DRINKS MAKER, TWIZZA TO INDIA’S VARUN, AFTER REGULATORY APPROVALS
Standard Bank Business and Commercial Banking’s Corporate Finance Advisory team is proud to confirm the successful completion of the of R2.1 billion sale of South African non-alcoholic beverages manufacturer, Twizza Proprietary Limited (“Twizza”) to The Beverage Company Proprietary Limited (“Bevco”), a wholly-owned subsidiary of India-based Varun Beverages Limited (“Varun”) for an amount of R2.1 billion. This follows the receipt of all…


