Nigerian Breweries Plc deliberating an offer to acquire 80 per cent shareholding in Distell Wines & Spirits Nigeria Limited.
The company in a notice to the Nigerian Exchange Limited and signed by Uaboi G. Agbebaku, Company Secretary, explained 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 NB to acquire Heineken Beverages’ majority interests (via Distell International Limited) in Distell Wines & Spirits Nigeria Limited”.
According to the statement: “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.”
