Nigerian Breweries Nigeria Plc: Acquisition of Sona Systems and Life from Heineken NV
Category: Investors NewsBeat
18 April, 2011
The Company has notified The Exchange of its discussion with Heineken NV regarding the potential acquisition of three of the five breweries recently acquired from the Sona group. The Company notes that the discussions should lead to the transfer of majority equity interests in Sona Systems Associates Business Management Limited (which owns breweries in Otta and Kaduna) and Life Breweries Company Limited, Onitsha, to Nigerian Breweries. The proposed acquisition is subject to the approval of the Board and Shareholders of Nigerian Breweries, as well as relevant regulatory authorities.