Akwa Ibom Investment Corporation is the biggest obstacle hindering the mandatory takeover of minority shares of Champion Breweries Plc by Raysun Nigeria Limited, a fully-owned subsidiary of Heineken NV.
The Dutch company holds 84.7 per cent (6,632,918,000 shares) in Champion Breweries but moved to take over the company 100 per cent in 2021 through a Mandatory Takeover Offer (MTO).
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