Champion Breweries Launches N16bn Rights Issue for Bullet Brand Acquisition

Champion Breweries Plc has initiated a N16 billion rights issue to support the acquisition of the Bullet ready-to-drink beverage brand. The offer, comprising 994.2 million ordinary shares at N16.00 per share, aims to raise N15.9 billion.

The company plans to use part of the proceeds to partially settle the acquisition. The rights issue is part of Champion's broader funding strategy to expand its product portfolio and market presence in Africa.

Notably, the company has seen significant revenue growth and increased net profit in recent years. Financial journalist David Olujinmi has highlighted the company's strong performance in the first half of 2025.