All is set for the Nigerian Breweries Plc to acquire 80 percent stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry.
The announcement is contained in a notification of proposal sent to Nigeria Exchange Limited and signed by the company secretary, Uaboi Agbebaku.
Nigerian Breweries Plc received the offer from Heineken Beverages Limited to buy or acquire 80 percent majority interests in Distell Wines & Spirits Nigeria Limited.
“The board resolved to consider the offer in detail with support from external legal and financial advisers and thereafter make a decision thereon in the coming weeks.
“The outcome of the decision will be communicated in due course,” Agbebaku said.
Distell Nigeria is a subsidiary of Distell International Limited, a company 100 percent owned by Heineken Beverages.
Distell International Limited holds 80 percent shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria.
Distell Nigeria is involved in the local production of wines and ciders and the importation of wines, spirits and flavored alcoholic beverages from Distell Group in South Africa. The list of brands in its portfolio includes Amarula, JC Leroux, Nederburg, Drostdy Haf, 4th Street, Bain’s, Knights, Chamdor, Hunters and Savanna.
This acquisition will further strengthen the company’s leadership position in the brewing segment of the Nigerian manufacturing sector.
