Business
Champion Breweries opens N42bn Public Offer at N16 per share
By Peter Egwuatu
Champion Breweries Plc, has announced the official opening of its N42 billion Public Offer of ordinary shares at N16.00 per share, following approvals from the Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX).
The Public Offer gives institutional and retail investors an opportunity to participate in Champion’s next phase of growth as it prepares to acquire the Bullet brand portfolio and expand its footprint across Africa.
According to a statement by Champion Breweries, the Public Offer follows the N15.9 billion Rights Issue to existing shareholders, representing the first phase of the Company’s two-step capital-raising programme.
Details of the Public Offer, according to the statement showed that the
Offer size stood at N42 billion;
Offer structure: 2,625,000,000 Ordinary Shares of 50 kobo each.
The application for the Offer opens on 8th January 2026 and closes: 21st January 2026.
The listing of the Offer has been scheduled to hold on Nigerian Exchange Limited (NGX).
Receiving Bank is Access Bank, as applications may be made through any of the receiving agents listed in the Prospectus or electronically via the NGX Invest platform (https://invest.ngxgroup.com).
The statement that the net proceeds from the Public Offer, together with those of the Rights Issue, will be applied as follows:
Funding the acquisition of the Bullet brand portfolio through an asset carve out that transfers ownership of Bullet’s brands, trademarks, recipes and commercial rights across its African markets to Champion.
Also, supporting working capital requirements and growth initiatives in areas such as route to market, marketing, innovation and capacity expansion.
Meanwhile, Champion’s performance and growth outlook, indicated it has delivered strong and improving results in recent years. In the first half of 2025, Champion reported N15.9 billion in revenue and N2.3 billion in net income, representing a record setting performance and underlining the robustness of its operating model.
Commenting on the performance, Dr Inalegwu Adoga, Managing Director of Champion Breweries Plc, said: “The opening of our Public Offer is an invitation for investors to share in the next phase of Champion’s growth. With the Bullet acquisition, we are combining nearly 50 years of brewing heritage with a proven pan African RTD and energy drink platform.”
David Butler, Group Managing Director, enJOYcorp, added: “Champion’s story is one of disciplined execution and smart capital deployment.
“The asset carve out structure for Bullet will mean we can unlock FX earnings and scale quickly, without heavy upfront investment in new plants. This Public Offer allows a wider pool of investors to participate in that strategy.”
The post Champion Breweries opens N42bn Public Offer at N16 per share appeared first on Vanguard News.
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