Heineken has announced a joint venture with distributor of brands CFAO under the name of ‘Brassivoire’ in Cote d’Ivoire, to produce beer in the country. This new entity is owned 51% by Heineken and 49% by CFAO.

The new brewery will incorporate the very newest technologies and be located in the new PK24 industrial zone to the north of the city of Abidjan.  The two partners have invested around €150m into the venture.

The Macfarlanes team advising Heineken was led by corporate M&A partner James Dawson.  He comments: “This is a significant investment for Heineken and we were very pleased to be able to assist them in securing the joint venture with CFAO which will see them develop their presence in Cote d’Ivoire.”