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/ 7 March 2008

Heineken, Diageo agree joint ventures in SA

British spirits group Diageo and Dutch brewer Heineken said on Friday they had agreed to form two new joint ventures in South Africa to combine their drinks businesses and also build a brewery. Diageo, which makes Smirnoff vodka and Johnnie Walker whisky, and Heineken, famed for its lager, said they had teamed up with Namibia Breweries to form DHN Drinks.