Heineken sees synergies from Distell deal but not from job losses

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“There’s good cost synergies, not really employment-driven. We will also be engaging with the minister of trade on making commitments in that regard, but I don’t expect any job losses in the near term,” Dolf van den Brink told Reuters.

Hw also said revenue synergies would be “significant”, adding: “I think typically that’s code language for at least 10% of revenue or over, which I think is what we have typically been able to promise and deliver in similar deals in the recent past.”