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2 weeks ago
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- Nigerian Breweries has yet completed the acquisition of a large rival and present owns 100% stakes
- This acquisition brings galore caller products into the company's portfolio including Chamdor, and Hunters Dry
- The accumulation operations of the institution person already been moved into the Nigerian Breweries' facilities
Legit.ng writer Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.
Nigerian Breweries Plc has completed its acquisition of Distell Wines and Spirits Nigeria Limited (DWSN) successful a caller woody that gives it the remaining 20% stakes.
This is to implicit the earlier acquisition of 80% stakes successful June 2024 and marque Nigerian Breweries the sole proprietor of the company.
This update was disclosed successful a announcement record and published connected the Nigerian Exchange (NGX) connected Wednesday, March 19, 2025.
Source: UGC
The notice, which was signed by the institution secretary, Uaboi G. Agbebaku, stated that the acquisition was carried retired with the execution of a merchantability and acquisition statement with the 2 number shareholders of DWSN: Ekulo International Limited and Next International Nigeria Limited, each owning 10% stakes.
DWSN moves operations into Nigerian Breweries
With the completion of this acquisition, DWSN productions and operations person been moved from the rented spot it occupied into the Nigerian Breweries facility.
This acquisition besides makes DWSN a full-fledged subsidiary of Nigerian Breweries Plc, and it means that NB is poised to instrumentality implicit much marketplace stock with the accumulation of wines, spirits and ready-to-drink products.
Nigerian Breweries announces Expansion plans
The announcement connected the NGX besides included enlargement plans, arsenic Nigerian Breweries expands operations into the importation, selling and organisation of wines, spirits and different products.
Agbebaku stated successful the notice;
“The afloat acquisition volition assistance to trim complexities and marque decision-making faster successful NB’s ambition to grow beyond beer.”Nigerian Breweries expands merchandise portfolio
With the acquisition, Nigerian Breweries Plc has besides expanded its merchandise portfolio, Channels News reports.
The caller additions include;
- Chamdor
- Hunters Dry
- Savannah Dry
- Gold
- 4th Street vino scope (red, rosé, white, sparkling, and non-alcoholic)
- Imported wines and spirits brands similar Drosty Hof, Nederburg, Amarula Cream Liqueur, Bain’s Whisky, and Scottish Leader Whisky;
- Other DWSN brands produced and distributed nether the licence from Heineken Beverages.
Another institution acquires Shell for $2.4 billion
Recall that the Renaissance Group has arsenic acquired Shell Petroleum Development Company (SPDC) assets for $2.4 billion.
The woody marks the extremity of Shell’s operations successful Nigeria’s onshore lipid and state assemblage aft astir 100 years.
The woody volition spot Renaissance power Shell’s monolithic assets, including 6.73 cardinal barrels of lipid and condensates and 56.27 trillion cubic feet of gas.
Shell volition present besides beryllium rebranded arsenic Renaissance Africa Energy Company Limited.
Source: AFP
Nigerian Breweries station N1 trillion revenue
In related news, shareholders were overjoyed erstwhile Nigerian Breweries Plc deed a caller milestone, raking successful implicit N1 trillion successful gross in the 2024 fiscal year.
The existent gross astir doubles the 2023 revenue, contempt the economical headwinds that plagued businesses successful 2024.
The institution is besides connected way to achieving fiscal health, aft posting awesome nett profits aft astir 2 years.
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Source: Legit.ng
