Wednesday 17 July 2024
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- 28 days ago

EnjoyCorp Completes Acquisition of 86.5% Stake in Champion Breweries

By Adedapo Adesanya EnjoyCorp Limited has acquired 86.5 per cent equity in Champion Breweries Plc from Heineken B.V after taking over a 100 per cent shareholding in The Raysun Nigeria Limited, which holds the 86.5 per cent stake in Champion Breweries plc, listed on the Nigerian Exchange (NGX) Limited. This comes after the deal was first announced in late February and it projected that it would close the transaction in the second quarter of this year (Q2 2024) after getting the needed approvals. Now, following the approval of the deal from the consumer protection body of Nigeria, the Federal Competition


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