Nigerian Breweries Plc, the leading brewing company in Nigeria, has announced its intention to acquire an 80% stake in Distell Wines and Spirits Nigeria Limited.
This strategic move is aimed at capitalizing on the growth potential in the wines and spirits segment of the brewing industry.
The proposal was officially communicated to Nigeria Exchange Limited through a notification signed by Uaboi Agbebaku, the company secretary.
Heineken Beverages Limited, the parent company of Distell International Limited, extended the offer to Nigerian Breweries Plc to acquire a majority interest in Distell Wines & Spirits Nigeria Limited.
The board of Nigerian Breweries Plc has resolved to carefully evaluate the offer, seeking guidance from external legal and financial advisors.
A decision will be reached in the coming weeks, and the outcome will be communicated accordingly, according to Agbebaku.
Distell Nigeria, established in 2018 and headquartered in Lagos, operates as a subsidiary of Distell International Limited, which is fully owned by Heineken Beverages. Distell International Limited currently holds an 80% stake in Distell Nigeria.
The company is involved in the local production of wines and ciders, as well as the importation of wines, spirits, and flavored alcoholic beverages from the Distell Group based in South Africa.
The brand portfolio of Distell Nigeria includes popular names such as Amarula, JC Leroux, Nederburg, Drostdy Haf, 4th Street, Bain’s, Knights, Chamdor, Hunters, and Savanna.
This acquisition will further solidify Nigerian Breweries Plc’s position as a leader in the brewing industry within the Nigerian manufacturing sector
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