Heineken Brouwerijen B.V, the majority shareholder in Nigerian Breweries Plc has further raised its equity stake in the brewer with the purchase of additional 53,272 units at an average price of N36 per share.
Details of the transaction done on August 24 and 25 in Lagos by the substantial shareholder (foreign) show that it bought 13,000 shares at N35.66 and 40,272 shares at N36.34.
The share price however moved up on Thursday August 27 from N36 to N37, up by N1 or 2.78percent despite negative close of equities trading session.
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
