play_arrow
Welcome to Online Radio
The Leading Lifestyle Internet Radio
play_arrow
Music 24/7 - Africana
Online Radio
play_arrow
Music 24/7 - International
Online Radio
play_arrow
Music 24/7 - Gospel
Online Radio
play_arrow
Music 24/7 - Latin America
Online Radio
play_arrow
Talk Shows - Stay Updated
Online Radio
play_arrow
Pillars and Plants - Gospel
Online Radio
play_arrow
Audio Stories - A new movie experience
Online Radio
Through its subsidiary, Raysun Nigeria Limited, Heineken purchased the new shares at N2.60 per unit at a total of N4.95 billion on January 7.
With this shares acquisition, Heineken now has a total of 84.7 percent in Champion Breweries, a move to further expand its control of the Nigerian Beer market and put it in a strong position as the majority shareholder to make a takeover attempt.
Heineken currently has another 37.94 percent stake in Nigerian Breweries, Nigeria’s largest brewer by market size and the most capitalised beer maker in the country.
Asset Management Nominee and Akwa Ibom Investment Corporation, which held 12.3 per cent and 10 per cent holdings respectively in the company prior to Heineken’s latest round of share purchase, were the other substantial shareholders in Champion Breweries.
Champion Breweries started bottling beer in 1976, with an initial capacity of 150,000 hectolitres of beer and 10,000 hectolitres of malt drink.
On Monday, Shares of Champion Breweries closed on the Nigerian Stock Exchange at N1.48 per share, gaining almost the 10 per cent daily ceiling allowed by the bourse.
The stock has appreciated by 58.82 per cent since Heineken’s latest share acquisition on January 7, 2020.
The number of new covid19 cases has continued to rise in Nigeria, such that we confirmed 10,300 cases from just 50,750 samples tested in one week, translating to 20% positivity […]
Post comments (0)