QUICK LINKS

×
  • Business - Companies
  • Updated: June 05, 2023

Nigerian Breweries: Distell Nigeria Stakes Acquisition Good Omen For Shareholders

Nigerian Breweries: Distell Nigeria Stakes Acquisition Good

Nigerian Breweries PLC

About five days ago, the Nigerian Brewries Plc (NBPLC) was vaccilitating in between decisions for the acquisition of Distell Nigeria stakes.

However, according to latest reports, NBPLC has finally concluded plans to acquire an 80 per cent stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry.

If this goes smoothly as planned given the spiralling rate of consumption of assorted alcoholic beverages in their market, it would signal exciting omen for the NBPLC shareholders as a sign of juicier dividends in a short period of time.

Based on the announcement as contained in a notification of the proposal sent to Nigeria Exchange Limited and signed by the company secretary, Uaboi Agbebaku, the company received the offer from Heineken Beverages Limited to acquire an 80 per cent majority interest in Distell Wines & Spirits Nigeria Limited.

"The board resolved to consider the offer in detail with support from external legal and financial advisers and thereafter make a decision thereon in the coming weeks. The outcome of the decision will be communicated in due course,” the company secretary said.

Distell Nigeria is a subsidiary of Distell International Limited- a company 100 per cent owned by Heineken Beverages.

Distell International Limited holds an 80 per cent shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria.

Distell Nigeria produces wines and ciders locally and are also into the importation of wines, spirits, and flavoured alcoholic beverages from Distell Group in South Africa.

Related Topics

Join our Telegram platform to get news update Join Now
Eben Duru
Eben Duru

 My name is Eben and I am from Lagos, Nigeria. I am currently a writer at AllNews Nigeria. I’m...

More From this Author

COMPANIES PROFILE

cadbury nigeria plc Consumer Goods

The origin of Cadbury Nigeria plc dates back to the 1950s when the business was ...

LEARN MORE
nigerian enamelware plc Consumer Goods

Nigeria Enamelware plc was incorporated on May 21st 1960 as a private limited li...

LEARN MORE
flour mills nig. plc Consumer Goods

Flour Mills of Nigeria Plc (FMN) was incorporated on 29th September, in 1960 as ...

LEARN MORE
dn tyre & rubber plc Consumer Goods

DN Tyre & Rubber was founded on the 21st of October 1961 and listed on the s...

LEARN MORE
dangote sugar refinery plc Consumer Goods

Dangote Sugar Refinery Plc was founded in 1999 by Mr Aliko Dangote and commenced...

LEARN MORE

0 Comment(s)

SPONSORED

See this post in...