Heineken eyes stake

THE HAGUE: Dutch beer giant Heineken announced late Friday it was moving to buy up all outstanding shares of Jamaican brewer Desnoes & Geddes to gain 100 per cent control of the company. The move comes after Heineken last month acquired the 57.9 per cent stake in the company that had been owned by Diageo, the world’s largest distiller. Amsterdam-based Heineken now holds some 73.3 per cent of the Jamaican company, which produces Red Stripe and Dragon beers. It is offering to snap up the remaining ordinary shares at about 30 US cents each, in a tender that is open until December 22.