News Details

support

NB Plc Reassures Investing Public During Visit To Stock Exchange

  • Share

The management of Nigerian Breweries Plc recently reassured investors and other stakeholders of the company of its commitment to enhance operational efficiencies and maximize value for all investors of the enlarged company. The reassurance was given when Chief Kola Jamodu, Chairman of the board of Nigerian Breweries Plc led other members of the board to the Nigerian Stock Exchange to formally introduce the enlarged company management to the Exchange and the investing public. Last December, Nigerian Breweries Plc completed a merger with Consolidated Breweries Plc to form an enlarged entity that retained the name Nigerian Breweries Plc.

At the visit, Chief Jamodu said the merger will enable the enlarged company deliver operational efficiencies and economies of scale in procurement, manufacturing and distribution. “We expect to achieve major cost savings in the areas of interest expenses, distribution/administrative cost among other operating activities where duplication will be eliminated. Expenses such as annual general meetings, board of directors’ fees and communication expenses to shareholders will also be reduced. Significant cost saving is targeted by distributing products and selling the enlarged product portfolio of the new company across the entire combined sales and distribution network of the enlarged company. The enlarged company is expected to extend market leadership, accelerate revenue growth and expand profit capacity,” he said.

On his part, the Director General of the Nigerian Stock Exchange, Mr. Oscar Onyema said “the merger is indicative of the dynamism of the market and we are very happy that it was successfully completed. Mr. Onyema noted the important position of Nigerian Breweries as the second largest listed company on the Exchange and added that the Exchange has been repositioned to provide a trusted partnership to businesses and investors.

The new Nigerian Breweries Plc has 11 breweries strategically spread across the nation, two malting plants and 19 brands including the lagers – Heineken, Star, Gulder, ‘33’ Export, Goldberg, More and Life; The Stouts- Legend Extra stout, Turbo King and Williams Dark Ale. The non-alcoholic malt drinks – Maltina, Amstel Malta, Malta Gold, Hi Malt, and Maltex. Other brands in the company portfolio are; – Fayrouz, Breezers, Ace Passion and Climax Energy drink.

February 19th, 2015
life

Young Entrepreneurs Jostle for Life Continental Lager Beer’s N12.5 million Progress Booster Radio Show

As the maiden edition of Life Continental Lager Beer’s Progress Booster Radio Show prepares to go…

teacher

NB Plc launches Maltina Teacher of the Year

Nigerian Breweries Plc has launched the Maltina Teacher of the Year, an initiative to recognize and…

logo_news

NB Announces 9 Months Results For 2017, Declares 7.9b Interim Dividend.

The Board of Directors of Nigerian Breweries Plc has announced a revenue of N254.7 billion for…

dividend-2017

NB Plc Declares N33b Dividend For 2017

The Board of Directors of Nigerian Breweries Plc has announced its results for the 2017 operating…

trek-lag

2Face, Cynthia Morgan, Burna Boy, MI, Sound Sultan, Others Round Off Star Music Trek 2015 In Style At Stunning Lagos Finale

On Saturday August 29 at the Gbagada Open Field, Ifako-Gbagada, Lagos, Nigeria’s favourite beer, Star Lager…

lagos-fashion-week-2017

Heineken Supports Africa’s Emerging Talents At The Lagos Fashion And Design Week With African Inspired Collection

Heineken®, the global beer brand, in collaboration with Africa’s hottest emerging design talents, Lulu Mutuli and…

nb-and-unido

NBPlc, FG and UNIDO seek sustainable protection of water resources

In line with its Brewing a Better World, sustainability agenda, Nigerian Breweries Plc has partnered with…

 

More News

Videos