Heineken B.V Raises Stake In NB, Acquires 7.241m Shares

Nigerian Breweries posts 39.5% increase in Q1 profit

In what may be a seeming vote of confidence in the nation’s economy, the Nigerian Stock Exchange (NSE) was on Monday informed of the purchase of 7,241,451 units of Nigerian Breweries Plc by Heineken Brouweijen B.V, its parent company, and substantial (foreign) shareholder. There is however a divergence of opinion concerning the purchases that would see Heineken raising its stake in the company above the 3,019,363,804 units representing 37.76% holding as of December 31, 2019. Other majority shareholders as of that date are Distilled Trading International B.V, 1,237,500,160 shares, or…

Read more