Champion Breweries N42bn Public Offer Begins After SEC Approval

By Aduragbemi Omiyale One of the brewery companies in Nigeria, Champion Breweries, has received regulatory approval for its N42 billion public offer. The brewer intends to use net proceeds from the public offer, together with an earlier N15.9 billion rights issue, to fund the acquisition of the Bullet brand portfolio through an asset carve out

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