Heineken to take control of Red Stripe in the UK on January 1

5:59 pm, Tue December 22, 2015

Heineken is to take control of Jamaican lager Red Stripe in the UK from January 1, 2016.

This follows a global deal with Diageo worth US$780 million.

The deal, announced in October, resulted in Diageo off-loading its brewing interests in Jamaica, Malaysia and Singapore to Heineken.

As part of the deal, Heineken acquired Diageo’s 57.9% stake in Jamaican brewer Desnoes & Geddes, which produces Red Stripe and Dragon.

Heineken already owned 15.5% of the company, taking its stake in the company to 73.3%.