In addition to acquiring Distell, Heineken will acquire Namibia Breweries and Ohlthaver & List.
The development puts to bed rumors of a potential $100-million capital raise to bolster the YNAP's operations.
CIVH is a holding majority-owned by South African billionaire Johann Rupert’s Remgro Limited.
The U.S. hedge fund Third Point Management owns a 1.2-percent stake in the Swiss company.
His present net worth makes him the second richest man in Africa behind Nigerian billionaire Aliko Dangote.
In addition to selling YNAP, Rupert is also considering a capital raise of $100 million to bolster its operations.
Rupert's net worth since the start of October has risen from $9.07 billion to $9.58 billion.
This takes his total gains this year to more than $1.5 billion.
The rise in their collective and individual wealth marks a recovery from a sharp decline last year.
Data retrieved from Bloomberg revealed that his net worth has risen from $9.61 billion to $10.30 billion.
