Brewery Stakes Sold

Diageo-controlled Desoes and Geddes has announced it has sold its minority holdings in two Caribbean breweries to Heineken for US$ 9.26M. The Red Stripe brewer said that it has divested its 5% stake in Brasserie Nationale d'Haiti and its 10% shareholding in St Lucia's Windward & Leeward. "This is the right time to dispose of these minority shareholdings as we have ambitious plans for Red Stripe with several major initiatives being undertaken," said Cedric Blair, Red Stripe's MD.