UAC of Nigeria PLC (UAC) announced in a press release on October 3, 2025, that it has completed the acquisition of Chivita|Hollandia (CHI Limited), following approval from the Federal Competition and Consumer Protection Commission (FCCPC).
UAC of Nigeria Plc has confirmed that its acquisition of CHI Limited, makers of the popular Chivita and Hollandia beverage brands, is fully financed and on track to close within the next two to four months, subject to regulatory approvals.
The Group Managing Director of United African Company (UAC), Fola Aiyesimoju has stated that the company has had to increase prices by on average 75% to 100% to sustain profit margins.
Thelmis Capital Management, the core investor at UAC of Nigeria Plc (UACN) has increased its investment in the conglomerate.
