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Nigerian Breweries Plc Acquires 80% Stake in Distell Wines and Import of Others

Nigerian brewries products

Nigerian Breweries Plc Acquires 80% Stake in Distell Wines and Import of Others

In a landmark decision, shareholders of Nigerian Breweries Plc, the leading brewing company in Nigeria, have green-lit the acquisition of an impressive 80 percent stake in Distell Wines and Spirits Nigeria Limited (Distell Nigeria).

This is also along with the import business of Heineken Beverages (Holdings) Limited (Heineken Beverages).

This pivotal approval was granted during the company’s Extraordinary General Meeting (EGM), convened on Wednesday, December 20, at the prestigious Oriental Hotel in Lagos.

Following this nod from the shareholders, the board is set to move forward and finalise the transaction.

Once completed, Nigerian Breweries Plc will emerge with a commanding majority stake in Distell Nigeria.

Additionally, the company will gain exclusive rights for the import, marketing, and distribution of Heineken Beverages’ wines, spirits, and ciders brands from South Africa.

This includes the noteworthy privilege of producing any of the imported brands locally within Nigeria.

This strategic move positions Nigerian Breweries Plc for a significant role in the Nigerian alcoholic beverage market.

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