News Details

NB plc and Consolidated Breweries Ltd Agree To Explore Merger Opportunity

  • Share

The Board of Directors of Nigerian Breweries Plc and the Board of Directors of Consolidated Breweries Ltd have agreed to explore a combination of the two businesses by way of a Scheme of Merger subject to regulatory approvals. In a joint statement, both companies confirmed that a Pre-Merger application has been filed with the Securities & Exchange Commission for its approval and Nigerian Breweries Plc has duly lodged a notification with The Nigerian Stock Exchange.

On receipt of the regulatory approval, both parties will take further steps to consummate the proposed merger including obtaining the approval of their respective shareholders to the Scheme of Merger at separate Court-Ordered Meetings. Until regulatory and other approvals are obtained, both companies (who are majority owned subsidiaries of Heineken NV) will continue to operate as usual.

The proposed merger of Nigerian Breweries Plc and Consolidated Breweries Ltd is expected to create value for all key stakeholders, particularly shareholders, drive benefits from increased economies of scale and enhance operating and administrative efficiencies.

May 9th, 2014
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…

arts

Entries Open for 8th National Art Competition

Nigerian Breweries Plc and the African Artists’ Foundation (AAF) have announced the opening of entries for…

slide

Gulder Lager Beer Relaunched In Nigeria’s Most Innovative Beer Bottle

After forty-four years in the Nigerian market, Gulder Lager Beer, the only Nigerian Lager Beer with…

Amstel Malta Wins International Quality Institute Superior Taste Award

Nigeria’s No 1 premium low sugar malt brand, Amstel Malta, has once again, been recognized as…

early-morning-fire

NB Plc Bottle Compound Caught By Early Morning Fire

There was a fire outbreak today at the empty bottle compound of the Lagos plant of…

superfan

Star Debuts New Football Tv Game Show, “Star Football Superfans”

Nigeria’s leading premium beer, STAR, has announced the kick off of a new football game show,…

workshop

Curtain falls on 2015 Creative Writing Workshop

The annual Nigerian Breweries/Farafina Trust Creative Writing Workshop came to a grand close on Friday, June…

 

More News

Videos