Distilleries Company of Sri Lanka acquires Heineken Lanka

The Distilleries Company of Sri Lanka PLC (DCSL) has successfully acquired 99.4 percent of the issued capital of Heineken Lanka from Heineken Asia Pacific Pte Ltd. 

The Colombo Stock Exchange (CSE) received the official disclosure, revealing a total consideration of Euro 12 million for the transaction.

The recent signing of the sales and purchase agreement marks a significant development in the beverage industry. Following this acquisition, Heineken Lanka Limited will undergo a name change to DCSL Breweries Lanka Limited, reflecting the new ownership.

Under the Trademark Licence Agreement with the Heineken Company, DCSL Breweries Lanka Limited will continue brewing beer, maintaining the production of globally recognized brands such as Heineken®, Tiger, and Anchor. Additionally, the company will persist in brewing its own brand, Bison beer.

In response to the acquisition, DCSL PLC expressed confidence in ensuring the uninterrupted availability of Heineken's iconic brands for consumers. 

The filing emphasized the DCSL Group's longstanding legacy in the liquor industry in Sri Lanka, spanning over a century and highlighted the addition of beer to its diverse product portfolio through this strategic move.