Champion Breweries’ Substantial Shareholder Acquires Shares Worth ₦4.95 Billion

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The Raysun Nigeria Limited (a local Substantial Shareholder), purchased 1,903,609,538 ordinary shares of Champion Breweries Plc in a transaction on Thursday, January 7th. The stock was acquired at a cost of ₦2.60 per share, for a total transaction of ₦4,949,384,798.80.

In 2013, Raysun Nigeria Limited, a wholly-owned subsidiary of Heineken, purchased Consolidated Breweries and now holds a majority equity stake in Champion Breweries Plc.

Substantial Shareholder Buys Champion Breweries' Shares Worth ₦4.95 Billion

Information contained in the Nigerian brewer’s 2018 audited financial report indicates that Raysun Nigeria Limited owns a total of 4,729,434 units of shares, which represents 60.4% shareholding.

Financial Performance in Q3 2020:

Champion Breweries Plc, Beverages Brewers/Distillers company in Consumer Goods sector announced 1.7% Revenue growth in Q3 2020 Result.

  • Revenue grew by 1.7% to N4.9bn from N4.8bn in the previous quarter.
  • Profit before tax declined by 79% to N85m.
  • Profit after tax declined by 79% to N60m.
  • Net Assets grew by 0.7% from N8.03bn to N8.09bn.
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Champion Breweries Plc is an established brewery in Nigeria manufacturing Champion Lager Beer and Champ Malta as well as a selection on non-alcoholic beverages. The company also brews and packages products under contract to Nigerian Breweries Plc.

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The main brands in its product portfolio are Champion Lager Beer and Champ Malta. Champ Malta is a flavoured beer with a golden colour and distinct aroma.

The company has undergone a number of name changes; established as South East Breweries Limited, the name changed to Cross River Breweries Limited and thereafter to Champion Breweries Limited which was later changed to Champion Breweries Plc.

In 2011, Consolidated Breweries acquired a 57% equity stake in Champion Breweries which was originally held by Montgomery Ventures Inc (Panama).

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Champion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand SpurChampion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand Spur

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Champion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand SpurChampion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand Spur

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- Advertisement -Champion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand SpurChampion Breweries' Substantial Shareholder Acquires Shares Worth ₦4.95 Billion - Brand Spur