Standard Bank Issues US$1.29b Guarantee for Heineken Acquisition in Africa

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Standard Bank Group has announced that it is playing in the Heineken acquisition of Distell and Namibia Breweries Limited. "We are proud to announce a significant milestone in our relationship with Heineken. Last month Heineken announced plans to acquire Distell and Namibia Breweries in a multi-billion US$ transaction. Standard Bank issued a US$1.29 billion guarantee on behalf of Heineken to su