Champion Brands Plc to replace Champion Breweries on NGX under proposed restructuring

Champion Breweries Plc has proposed a restructuring that would replace Champion Breweries on the NGX with Champion Brands Limited, which will become the group's new parent company, according to a press release dated November 11, 2026. The delisting of Champion Breweries is subject to shareholder and regulatory approvals. Existing shareholder shares in Champion Breweries will be exchanged for an equal number of shares in Champion Brands, allowing shareholders to maintain their proportional ownership in the expanded group.

Champion Brands Limited will be re-registered as a public limited liability company and listed on the NGX as the group's new parent company. Meanwhile, Champion Breweries' brewing operations will continue uninterrupted under the proposed arrangement. The restructuring aims to provide greater capital allocation flexibility, strengthen existing brands, and support the expansion into new products and African markets.

Champion Breweries expects the restructuring to be completed in the first quarter of 2027, pending shareholder and regulatory approvals. The company's shares will continue trading on the NGX until the Scheme of Arrangement is implemented. The move comes as Champion Breweries expands its product range and presence across African markets, including a recent acquisition of enJOYbev B.V. from Sun Mark in February 2026, which provided access to the global Bullet brand portfolio.