Nigerian Breweries has concluded plans to acquire an 80 per cent stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry.
According to the announcement contained in a notification of the proposal sent to Nigeria Exchange Limited and signed by the company secretary, Uaboi Agbebaku, the company received the offer from Heineken Beverages Limited to acquire an 80 per cent majority interest in Distell Wines & Spirits Nigeria Limited.
To that end, “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,” the company secretary said.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FCTA plans to construct bicycle lanes in Abuja | The Guardian Nigeria News - Nigeria and World NewsThe Federal Capital Territory Administration (FCTA) has said that it will support the development of bicycle lanes in the provision of the arterial and district infrastructures across the Federal Capital Territory...
Read more »
Gundogan double secures FA Cup for Manchester City | The Guardian Nigeria News - Nigeria and World NewsManchester City are one game away from a historic treble after Ilkay Gundogan scored twice to beat Manchester United 2-1
Read more »
Security foils attack on Kogi Governor’s convoy | The Guardian Nigeria News - Nigeria and World NewsThe Convoy of the Governor of Kogi State, Alhaji Yahaya Bello was allegedly blocked and attacked by people believed to be supporters of Alh. Muritala Yakubu Ajaka, the Governorship candidate of the Social Democratic Party (SDP) in the state.
Read more »
Jonathan lauds Diri for making Bayelsa peaceful | The Guardian Nigeria News - Nigeria and World NewsFormer Nigerian President, Dr. Goodluck Jonathan, yesterday, poured encomiums on the Bayelsa State Governor, Senator Douye Diri, as he turns 64 today.
Read more »
We’ll be fair to all — Gov.Oborevwori | The Guardian Nigeria News - Nigeria and World News• Okowa seeks support for new Governor Delta State Governor, Sheriff Oborevwori, has reiterated that his administration would be fair, just and equitable to all parts of the state, vowing that every senatorial district would be treated equally, in terms of projects and appointments. “I want to serve you people and be a governor for […]
Read more »
12 dead from asphyxiation in Venezuelan gold mine | The Guardian Nigeria News - Nigeria and World NewsTwelve people have died from asphyxiation in a shuttered gold mine in southeastern Venezuela, a local official told AFP on Saturday. “We have 12 dead today,” the secretary of security in El Callao, General Edgar Colina Reyes, said in a telephone interview. “They entered a mine that had been closed a long time.” The deaths […]
Read more »