June 19, 2024/NGX
EnjoyCorp Limited has successfully acquired an 86.5% stake in Champion Breweries Plc. EnjoyCorp acquired a 100% shareholding in The Raysun Nigeria Limited, which holds the 86.5% stake in Champion Breweries plc, listed on the Nigerian Exchange Group (NGX).
Following the approval of the Federal Competition and Consumer Protection Commission, the parties have completed the transaction, and EnjoyCorp has taken full control of 100% of the shares in Raysun Nigeria Limited accordingly.
Champion Breweries plc will remain listed on the NGX. EnjoyCorp is committed to building the company and galvanising shareholder value through strategic initiatives and investments that align with its mission of enriching life’s moments through a diverse portfolio of brands.
This acquisition marks EnjoyCorp’s strategic entry into the beverage category, underpinning the company’s long-term commitment to the African consumer. Champion Breweries Plc will be integrated as a cornerstone subsidiary within EnjoyCorp’s expanding portfolio of food, beverage, and hospitality brands.
Champion Breweries Plc welcome EnjoyCorp and looks forward to an exciting new chapter of growth and value creation for all its stakeholders powered by EnjoyCorp’s vision and resources. Champion Breweries plc is confident that this partnership will unlock new opportunities and elevate our brand to greater heights.
