Heineken NV’s talks to acquire Distell Group Holdings Ltd. have been prolonged as the South African drinks maker’s second-largest investor is asking for a higher price, according to people with knowledge of the matter.
The Public Investment Corp., Africa’s biggest money manager, is holding out for about 200 rand a share, said the people, who asked to remain anonymous as the talks are still private. That is about 11% higher than Distell’s closing share price on Wednesday and would value the Stellenbosch-based wine and spirits company at 44.6 billion rand ($3 billion).
Talks are ongoing, they said, and no ...
