You are currently viewing the International Edition. You can also switch to the Hong Kong Edition.
Thursday 2 July 2015

Heineken to merge Nigerian breweries

12th May, 2014 by Lauren Eads

Heineken has announced it is to merge its majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc to “fully capitalise” on the future growth of Nigeria’s beer and malt drinks market.

heineken

Dutch brewer Heineken, which holds 54.1% of the shares in Nigerian Breweries plc and 53.8% of the shares in Consolidated Breweries plc, announced on Friday their intent to merge the two businesses, subject to approval.

According to the company, the merger will create create value for stakeholders and shareholders, drive benefits from increased economies of scale, improve operating and administrative efficiencies and increase the company’s speed and agility in response to market developments.

A spokesperson for Heineken said: “Africa is one of the world’s most attractive and fastest growing regions for beer, and is a key platform for Heineken’s continued investment and future growth. Nigeria is the continent’s largest economy, with a significant, growing beer and malt drinks market, underpinned by favourable demographics.”

Favourable conditions cited include an expanding population of almost 180 million people, of whom more than 70% are under the age of 30, increasing levels of urbanisation and a rapidly developing middle class supported by rising income levels.

Nigerian Breweries has eight breweries and two malting plants at present with its brands include Heineken, Star, Gulder, Legend, Life, Goldberg, Amstel Malta, Fayrouz, Malta Gold, and Maltina.

Consolidated Breweries has three breweries with brands including 33 Export, Turbo King, Williams Dark Ale, Hi-Malt and Maltex.

The merger, which is subject to approval, is expected to take several months with Nigerian Breweries plc, as the remaining legal entity, expected to remain listed on the Nigerian Stock Exchange after its completion.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

If that's interesting, how about these?

Carlsberg creates beer-shampoo

Danish brewer Carlsberg has launched a new range of men’s grooming products more...

AB InBev invests $1.5bn in US

Brewing colossus Anheuser-Busch InBev has announced plans to invest over US$1 more...

UK market in growth as price increases slow

The latest figures from the Wine and Spirit Trade Association show that more...

Warehouse Supervisor

London, United Kingdom

£27,000-£30,000 depending on experience

Top 10 wine brands 2015

In a year that saw major shifts in the global wine market, the drinks business more...

Beer festival in China’s Muslim area angers 'exiles'

In China’s predominantly Muslim region of Xinjiang, exiled groups of Uighur more...

Top 10 new craft beers

With new beers coming onto the market all the time, it can be difficult to keep more...

Brewers and suppliers tack on to craft

Leading drinks suppliers and brewing companies are expanding their craft beer more...

UK customs seize 550,000 litres of alcohol

More than 550,000 litres of illegal beer, wine and spirits have been seized by more...

Queen releases Bohemian Lager

Rock band Queen have launched a lager to celebrate 40 years since the release more...

Business Development Executive

London, United Kingdom

£25-£30K + benefits, depending on experience

World's best beer and wine festivals

Forget Glastonbury, these are the festivals you should be making a beeline for more...

Top 10 Hong Kong craft beer bars

Anyone looking to quench their thirst with a ginseng microbrew should more...

Ten dead at beer company after attack

An attack at a beer distributor in the Mexican state of Nuevo León has left 10 more...

Supplier Relationship Manager

London, United Kingdom

Lidl hints at plans for online wine shop

UK supermarket Lidl has not ruled out launching an online wine shop, reporting more...

Chinese student builds house out of beer bottles

An engineering graduate and his father have built a two-storey house made out more...

Antipodean craft brewers in tax tussle

A proposed tax refund for craft brewers in Australia should not be extended to more...

Digital and Communications Executive

£22,000-£26,000 dependent on experience

Top 10 architectural wonders of the wine world

You don't have to look far to find stunning examples of architectural prowess more...

UK reviewing alcohol intake guidelines

Health officials are to review the government's drinking guidelines, as more...

Tesco to announce more sales woes

Tesco's travails look set to continue, as City analysts say it is preparing to more...

International Business Development Assistant

London, United Kingdom

To be determined, based on the profile and experience of the candidate

Beck's forced to issue $50 refunds

Anyone that has bought a Beck's beer in the past four years could be entitled more...

World's cheapest city for a beer revealed

The average price of a bottle of beer is £1.07 in Krakow and Kiev, making them more...