After Five Consecutive Years Of Losses, International Breweries Gets SEC Approval To Raise N588bn

International Breweries Plc has received approval from the Securities and Exchange Commission to raise funds through the right issue of 161,172,395,100 to existing shareholders.

The company is issuing the shares to the shareholders at N3.65 per share effectively hoping to raise more than N588bn to save the company where over 5000 direct and indirect jobs are at stake.

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