The Nation|| Raysun Nigeria Limited, a wholly-owned subsidiary of Heineken International BV, has acquired 57 per cent equity stake in Champion Breweries Plc, making the breweries part of the Heineken’s sprawling operations in Nigeria. Heineken holds the majority shareholding in Nigerian Breweries, Nigeria’s second most capitalised quoted company.
Raysun Nigeria acquired its majority stake from Consolidated Breweries Plc, which on Tuesday completed the sale of 513 million ordinary shares of 50 kobo each to Raysun Nigeria through cross deals on the Nigerian Stock Exchange (NSE).
The cross deals on the NSE completed the transaction, which had earlier received approvals of the Securities and Exchange Commission (SEC) and the NSE as well as endorsement of shareholders of Consolidated Breweries.
Managing Director, Consolidated Breweries Plc, Mr. Boudewijn Haarsma yesterday confirmed the transaction.