Diageo Submits Highest Offer for Ethiopia’s Meta Brewery, Fortune Reports

Sep 6, 2011

Diageo Plc (DGE), the world’s biggest liquor maker, submitted the highest bid for Ethiopia’s state- owned Meta Abo Brewery, the Addis Fortune reported. Diageo offered $225 million, SABMiller Plc with SouthWest Development bid $190 million, and Amsterdam-based Heineken NV (HEIA) offered $188 million, the Addis Ababa-based newspaper said, citing the Privatization and Public Enterprise Supervising Agency.

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