Nigeria, March 21 -- Nigerian Breweries, the local unit of Heineken N.V., bought a further 20 per cent stake in Distell Wines and Spirits Nigeria Limited, enabling it to take full ownership of the company.

Last June, the brewer declared it had bought 80 per cent of the shareholding of Distell Wines and Spirits after South Africa's Reserve Bank approved the deal, paving the way for Nigerian Breweries to purchase the shares of Heineken Beverages Holdings Limited in Distell Nigeria.

The approval also cleared the way for the brewing giant to take over the import business of Distell International Limited in Nigeria.

"The full acquisition follows the execution of a sale and purchase agreement with the DWSN minority shareholders, Ekulo Intern...