Champion Breweries proposes new holding company in expansion drive
The proposed restructuring will transfer Champion Breweries shareholders into the new NGX-listed parent company as the group expands its beverage portfolio across African markets.
NIGERIA – Champion Breweries Plc has proposed establishing a new holding company, Champion Brands Limited, as part of a restructuring aimed at supporting its expansion into additional beverage categories and African markets.
Under the proposed arrangement, Champion Breweries will become a subsidiary of Champion Brands, with the new holding company taking its place on the Nigerian Exchange (NGX).
Existing shareholders will receive one Champion Brands share for every Champion Breweries share they currently own, allowing them to maintain their existing ownership stakes without making additional payments.
The proposal, which remains subject to shareholders’ and regulatory approvals, will involve converting Champion Brands into a public limited liability company and listing it on the NGX.
The new holding company will have Champion Breweries and enJOYbev B.V. as subsidiaries. enJOYbev owns the Bullet range of ready-to-drink and energy beverages.
Champion Breweries said the restructuring follows its transformation from a Nigerian brewing company into a broader beverage group, particularly after acquiring enJOYbev, which expanded its product portfolio and market presence to 14 African countries.
The company said the proposed structure would provide greater flexibility in allocating investments across its businesses, strengthening existing brands and pursuing opportunities in new product categories and markets.
Chairman Imo-Abasi Jacob said the arrangement would support the group’s long-term growth ambitions without changing shareholders’ ownership interests.
“Our ambitions extend beyond the businesses and markets we serve today. We want to strengthen our existing brands, develop new products and pursue opportunities in new markets,” he said.
The restructuring follows Champion Breweries’ recent agreement with Thistlerock Enterprises Limited, the owner of Bature Brewery, to manufacture and distribute Bature’s craft beers across Nigeria.
The partnership forms part of the company’s efforts to broaden its beverage portfolio beyond its existing beer brands and strengthen its presence in the Nigerian market.
Champion Breweries has also reported strong revenue growth in its latest financial results. In its unaudited results for the nine months ended September 30, 2026, group revenue increased 140% year-on-year to N51.4 billion, compared with N21.4 billion recorded during the corresponding period in 2025.
Operating profit rose 48% to N6.3 billion from N4.3 billion in the same period last year.
The proposed holding-company structure is expected to provide the group with a framework for managing its growing portfolio as it pursues further expansion across the African beverage market.
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