NB Plc.Gets Offer to Buy Distell Wines and Spirits Nigeria Ltd
Nigerian Breweries (NB) Plc announced it has obtained an offer to acquire majority shares (80%) in Distell Wines and Spirits Nigeria Limited, according to a regulatory filing on the Nigerian Exchange website.
The brewer told the Nigerian Exchange Limited and the investing public that at a specially convened meeting of the Board of Directors held on 30th May 2023, the Board was presented with an offer from Heineken Beverages, South Africa.
In the notice, Nigerian Breweries said the offer was to its board to acquire Heineken Beverages’ majority interests in Distell Wines & Spirits Nigeria Limited.
Distell Nigeria operates local production of wines (still and sparkling) and ciders. It is also into importation of wines, spirits, and flavoured alcoholic beverages from Distell Group in South Africa.
Its brand portfolio includes Amarula, JC Leroux, Nederburg, Drostdy Haf, 4th Street, Bain’s, Knights, Chamdor, Hunters, and Savanna.
The statement reads that the Nigerian Breweries’ Board of Directors has 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.
Distell Nigeria is a subsidiary of Distell International Limited, a company that’s 100% owned by Heineken Beverages. It said Distell International Limited owns 80% shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria. #NB Plc.Gets Offer to Buy Distell Wines and Spirits Nigeria Ltd
