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Standard Bank completes R2.1bn Twizza deal
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Standard Bank completes R2.1bn Twizza deal
Standard Bank has completed the sale of South African soft drinks producer Twizza in a R2.1-billion deal. The bank’s business and commercial banking corporate finance advisory team confirmed that Twizza Proprietary Limited has been sold to The Beverage Company (Bevco), a wholly owned subsidiary of India-based Varun Beverages Limited, after all regulatory approvals were secured. The conclusion of the deal formally brings the Eastern Cape-founded …
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