Following approvals from the Securities and Trade Fee (SEC) and the Nigerian Trade Restricted (NGX), Champion Breweries Plc has commenced its N42 billion public provide of unusual shares at N16.00 per share,
The Public Provide permits institutional and retail buyers to take part in Champion’s subsequent part of development because it prepares to amass the Bullet model portfolio and increase its footprint throughout Africa.
The corporate mentioned the Public Provide follows the N15.9 billion rights challenge to current shareholders, representing the primary part of its two-step capital-raising programme.
The corporate is providing 2.625 billion shares at N16 per share, with the provide opening on January 8, 2026, and shutting on January 21, 2026.
Champion Breweries said that the online proceeds from the general public provide, along with these of the rights challenge, might be used for funding the acquisition of the Bullet model portfolio by an asset carve out that transfers possession of Bullet’s manufacturers, emblems, recipes and industrial rights throughout its African markets to Champion and supporting working capital necessities and development initiatives in areas equivalent to path to market, advertising, innovation and capability growth.
Champion has delivered robust and bettering outcomes over the previous few years. Income elevated from N12.7 billion in 2023 to N20.9 billion in 2024, whereas internet earnings rose from N370 million to N817 million. Within the first half of 2025, Champion reported income of N15.9 billion and internet earnings of N2.3 billion, representing a record-setting efficiency and underscoring the robustness of its working mannequin.
The managing director of Champion Breweries, Dr Inalegwu Adoga mentioned the general public provide was for buyers to share within the subsequent part of the corporate’s development.
“The opening of our public provide is an invite for buyers to share within the subsequent part of Champion’s development. With the Bullet acquisition, we’re combining almost 50 years of brewing heritage with a confirmed pan African RTD and vitality drink platform.”
On his half, David Butler, Group Managing Director of enJOYcorp, mentioned the asset carve-out construction means the corporate has unlocked FX earnings and scale rapidly, with out incurring heavy upfront funding in new vegetation.
“Champion’s story is one in every of disciplined execution and good capital deployment.
The asset carve-out construction for Bullet will allow us to unlock international alternate earnings and scale rapidly, with out incurring heavy upfront funding in new vegetation. This public provide permits a wider pool of buyers to take part in that technique.”
LEADERSHIP stories that the general public provide is managed by Rand Service provider Financial institution Nigeria Restricted as Lead Issuing Home, with FBNQuest Service provider Financial institution Restricted, FCMB Capital Markets Restricted, CardinalStone Companions Restricted, Greenwich Service provider Financial institution Restricted, Chapel Hill Denham Advisory Restricted, Comercio Companions Capital Restricted, and Fortress Capital Restricted serving as Joint Issuing Homes. Africa Prudential Plc is the Registrar to the provide.
