Heineken NV, the world’s second-biggest brewer by sales, took control of two joint ventures from partner Diageo Plc, spending $781 million to shore up control of brands including Jamaica’s Red Stripe beer amid a consolidation sweep in the industry.
The Amsterdam-based brewer said it bought a 57.9 percent stake in Jamaica’s Desnoes & Geddes, bringing its holding to 73.3 percent. Heineken will later make an offer for all remaining shares. The Amstel maker also now has full ownership of Malaysia’s GAPL Pte Ltd.
