By Matteo Castia

Heineken NV said Tuesday that it is currently engaged with South African beverage company Distell Group Holdings Ltd. regarding a potential transaction between the two brewers.

Also on Tuesday but in a separate release, Distell said Heineken approached it regarding a potential acquisition of the majority of its business.

Both companies said there still isn't any certainty that an agreement will be reached.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

May 18, 2021 03:39 ET (07:39 GMT)

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