Varun Beverages Completes Acquisition of Twizza, Makes It A Step-down Subsidiary

Varun Beverages has completed the acquisition of 100% stake in South Africa-based Twizza Proprietary Limited through its subsidiary, The Beverage Company Proprietary Limited.

The company said the deal was executed at an enterprise value of ZAR 2,053.0 million, equivalent to ₹11.4 billion after adjustments. With this, Twizza has become a step-down subsidiary of Varun Beverages effective March 18.

This follows the earlier intimation made on December 21 regarding the proposed acquisition.