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Kenya Wine Agencies to buy South Africa’s Distell Winemasters

A customer buys wines from a supermarket in Nairobi. Kenya Wine Agencies Holdings East Africa will acquire South African wine and spirit distributing firm Distell Winemasters (K) Ltd in a deal it hopes will boost its flagging business in the region. PHOTO | FILE

Kenya Wine Agencies Holdings East Africa Ltd (KHEAL) has announced that it will acquire South African wine and spirit distributing firm Distell Winemasters (K) Ltd in a deal  it hopes will boost its flagging business in East Africa.

The buyout will be either through cash or a share swap.

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