Heineken Submits Highest Bids for Two Ethiopian Breweries

Heineken NV, the world’s third-largest brewer, submitted the highest offer for an Ethiopian brewery being sold by the government and is the only bidder for a second one, the country’s privatization agency said.

Heineken offered $85.2 million for Bedele Brewery SC, Wondafrash Assefa, spokesman for the Private and Public Enterprises Supervising Agency, said in an interview today in Addis Ababa, the Ethiopian capital. The Amsterdam-based company is also prepared to pay $78.2 million for Harar Brewery SC and there are no competing bids, he said.