Distilleries Company of Sri Lanka PLC acquired 99.4 percent of the issued capital of Heineken Lanka from Heineken Asia Pacific Pte Ltd for a total consideration of Euro 12 million, a filing to the Colombo Stock Exchange (CSE) revealed.

The announcement of signing the sales and purchase agreement to acquire Heineken Lanka Limited was made on 17 November 2023.
With this acquisition, Heineken Lanka Limited will change its name to DCSL Breweries Lanka Limited to reflect the new ownership.

The company will continue brewing beer under world-renowned international brands such as Heineken®, Tiger, and Anchor under a Trademark Licence Agreement signed with the Heineken Company. The company will also continue to brew its own brand, Bison beer.

“This acquisition and the continued production of world-renowned Heineken brands under license will ensure that consumers can continue to enjoy these brands. The DCSL Group, a pioneer in the liquor industry in Sri Lanka with well over a century of producing quality products, will now add beer to its diverse product portfolio,” DCSL PLC said in the filing.