Champion Breweries proposes new listed parent company to drive expansion

Champion Breweries Plc, a Nigerian brewing company, has proposed a restructuring plan that would create a new parent company, Champion Brands Plc, to drive its expansion into a broader beverage business across Africa. The new structure would involve Champion Breweries becoming a wholly-owned subsidiary of Champion Brands Plc, while Champion Breweries' shareholding in enJOYbev B.V., the company behind the Bullet range of beverages, would also be transferred to the new parent.

As part of the restructuring, existing shareholders will receive one Champion Brands share for every Champion Breweries share they hold, preserving their proportionate ownership without any additional payments. The proposed changes remain subject to regulatory approvals, shareholders' approval, and the sanction of the Federal High Court.

Upon completion, expected in the first quarter of 2027, Champion Brands Plc will become a publicly listed parent company on the Nigerian Exchange Limited, replacing Champion Breweries on the NGX.