Nigerian Breweries eyes major expansion with 80% stake in Distell Wines & Spirits Nigeria

  • Nigerian Breweries is eyeing major expansion with an 80% stake in Distell Wines & Spirits Nigeria
  • The company made the proposal before shareholders this week, requesting approval for the acquisition
  • The company emphasised that this strategic move is in line with its objective to diversify its product portfolio

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

Nigerian Breweries Plc has declared its intention to organise an Extraordinary General Meeting (EGM) of shareholders to secure an 80% acquisition of Distell Wines & Spirits Nigeria Limited.