EnjoyCorp acquires 86.5% stake in Champion Breweries

EnjoyCorp Limited has successfully completed the acquisition of 86.5 percent equity stake in Champion Breweries plc, a prominent figure in the regional brewing industry. Champion Breweries Plc will remain listed on the Nigerian Exchange Limited (NGX).

EnjoyCorp acquired 100percent shareholding in The Raysun Nigeria Limited, which in turn holds the 86.5 percent stake in Champion Breweries Plc listed on the Nigerian Exchange Group (NGX).

Read also: Nigerian Breweries, NEM, UACN, others cause market’s N114bn gain

This acquisition marks EnjoyCorp’s strategic entry into the beverage category, underpinning the company’s long-term commitment to the African consumer.

Champion Breweries Plc will be integrated as a cornerstone subsidiary within EnjoyCorp’s expanding portfolio of food, beverage, and hospitality brands.

Sequel to the approval of the Federal Competition and Consumer Protection Commission, the parties have successfully completed the transaction, and EnjoyCorp has taken full control of 100 percent shares in The Raysun Nigeria Limited accordingly.

EnjoyCorp is welcome aboard Champion Breweries Plc, and the brewer looks forward to an exciting new chapter of growth and value creation for all its stakeholders, powered by EnjoyCorp’s vision and resources.

Champion Breweries Plc is confident that this partnership will unlock new opportunities and elevate the brand to greater heights.

Read also: Nigerian Breweries deepens footprint with acquisition of Distell

EnjoyCorp said it is committed to building Champion Breweries and galvanising shareholder value through strategic initiatives and investments that align with its mission of enriching life’s moments through a diverse portfolio of brands.