BEE consortium acquires 15% stake in Distell

September 21, 2005

Distell has entered into a transaction with a BEE consortium that will acquire an effective 15% in South African Distilleries and Wines Limited (SADW), the company in which all Distell’s operations are held, Distell Managing Director, Jan Scannell, announced today (September 21)...

The BEE consortium, through a company named WIP Beverages, comprises all Distell employees; WIPHOLD, the investment group dedicated to women’s empowerment and a corporate social investment trust (the ‘CSI Trust’) created to benefit disadvantaged communities in those areas where Distell conducts most of its activities.

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