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Nigerian Breweries to acquire 80% stake in Distell Nigeria Ltd

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Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public that at a specially convened meeting of the Board of Directors of the Company held on 30th May 2023, the Board was presented with an offer from Heineken Beverages (Holdings) Limited of South Africa, for Nigerian Breweries to acquire Heineken Beverages’ majority interests (via Distell International Limited) in Distell Wines & Spirits Nigeria Limited.

The Board resolved to consider the offer in detail with support from external legal and financial advisers and thereafter make a decision thereon in the coming weeks. The outcome of the decision will be communicated in due course.

Distell Nigeria is a subsidiary of Distell International Limited (100% owned by Heineken Beverages). Distell International Limited owns 80% shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria. Distell Nigeria’s operations are in two folds:

1. Local production of wines (still and sparkling) and ciders; and

2. Importation of wines, spirits and flavoured alcoholic beverages from Distell Group in South Africa

Its brand portfolio include Amarula, JC Leroux, Nederburg, Drostdy Haf, 4 th Street, Bain’s, Knights, Chamdor, Hunters and Savanna.

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