Nigerian Breweries Plc Proposes to Acquire 80% Shareholding in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc has made known its intention to acquire Heineken Beverages’ majority interests (via Distell International Limited) in Distell Wines & Spirits Nigeria Limited. This was at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023. According to the company the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for NB

The Board said it had resolved to consider the offer in detail with support from external legal and financial advisers and thereafter made a decision thereon in the coming weeks. The outcome of the decision, it said would be communicated in due course. 

About Distell Nigeria

Distell Nigeria is a subsidiary of Distell International Limited (100% owned by Heineken Beverages). Distell International Limited owns 80% shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria. Distell Nigeria’s operations are in two folds: 

1. Local production of wines (still and sparkling) and ciders; and 

2. Importation of wines, spirits and flavoured alcoholic beverages from Distell Group in South Africa. 

Its brand portfolio includes Amarula, JC Leroux, Nederburg, Drostdy Haf, 4 th Street, Bain’s, Knights, Chamdor, Hunters and Savanna

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button