Champion Breweries Signs N15.9bn Rights Issue for Growth
Champion Breweries Plc conducted a formal signing ceremony on November 14, 2025, for a N15.9bn rights issue approved by shareholders. The rights issue, part of a two-step capital raise, aims to fund strategic acquisitions and bolster the company's growth agenda.
Adoga Inalegwu, the MD/CEO of Champion Breweries, highlighted the significance of the rights issue in expanding the company's scale and competitiveness beyond Nigeria. The joint issuing houses for the rights issue include Rand Merchant Bank Nigeria Limited and FBNQuest Merchant Bank Limited.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Champion Breweries Plc Conducts N15.9bn Rights Issue Ceremony
Champion Breweries Launches N16bn Rights Issue for Bullet Brand Acquisition
Champion Breweries' Profit Surges 97-Fold on Strong Sales, Reaching N2.05 Billion
International Breweries to Host Ceremony for Kickstart 2025 Grant Winners
Nigerian Breweries Battles Rising Costs, Records N85.5bn Profit Amid Economic Challenges
Nigerian Breweries Records 48% Revenue Growth, Reaches N1.04 Trillion in 9 Months
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
