Get Guardian on GoogleChampion Breweries Plc has proposed a restructuring that will create Champion Brands Plc as the group’s new listed parent company, with shareholders retaining their existing ownership stakes through a one-for-one share exchange.
The firm proposed the establishment of a new holding company, Champion Brands Plc, as part of efforts to reposition the business for expansion across Africa and accommodate its growing beverage portfolio.
Under the proposed Scheme of Arrangement, Champion Brands Limited will be re-registered as a public limited liability company and listed on the Nigerian Exchange Limited (NGX), becoming the new parent company of the group.
The restructuring will see Champion Breweries become a wholly owned subsidiary of Champion Brands, while its shares will be delisted from the NGX. Its investment in enJOYbev B.V., the company behind the Bullet beverage portfolio, will also be transferred to the new holding company.
The proposal, announced on November 11, 2026, provides for a one-for-one share exchange, under which existing shareholders of Champion Breweries will receive one fully paid ordinary share in Champion Brands for every share held.
The arrangement covers 11,323,611,233 ordinary shares, ensuring shareholders retain their existing proportionate ownership without making additional payments.
Champion Breweries said the proposed restructuring reflected its transition from a Nigerian brewing company into a broader, multi-category beverage group with an expanding presence across African markets.
The acquisition of enJOYbev B.V. has expanded the group’s product portfolio to include the Bullet range of beverages and extended its geographical presence to 14 African markets.
According to the company, the proposed holding-company structure is intended to provide a clearer corporate identity, improve capital allocation across its businesses and create room for further expansion into new products, beverage categories and markets.
The board believes the new structure will give investors a broader view of the group’s operations and investment prospects by bringing its beverage businesses under a single listed parent company.
Chairman of Champion Breweries, Imo-Abasi Jacob, said the restructuring was designed to support the company’s long-term ambitions beyond its existing businesses and markets.
He said the group intended to strengthen its established brands, develop new products and explore opportunities in additional markets, adding that the proposed structure would provide the corporate framework to pursue those objectives.
According to him, the restructuring would not alter shareholders’ proportionate ownership, while Champion Brands, upon listing, would be subject to the corporate governance and disclosure requirements applicable to NGX-listed companies.
Jacob said the board unanimously recommended that shareholders approve the Scheme.
The Managing Director and Chief Executive Officer, Malolan Sampath, said the restructuring would not affect the group’s existing operations, brands, employees, customers or suppliers.
He explained that Champion Breweries would continue its brewing operations in Uyo, Akwa Ibom State, producing Champion Lager and Champ Malta, while the group remained focused on strengthening its brands and expanding its market reach.
