Champion Breweries of Nigeria acquired!

 

Champion Breweries Plc announced on June 19, 2024, that EnjoyCorp has acquired a majority stake in the company. EnjoyCorp Limited’s acquired  86.5% stake.  

It stated that, with the acquisition, Champion Breweries Plc will be integrated as a cornerstone subsidiary within EnjoyCorp’s expanding portfolio of food, beverage, and hospitality brands.

Enjoy! Corporation is a business service company with a focus on sourcing and exporting fresh fruits and packaged foods.

However, given the company’s non-compliant free float of 3.58%, will it face delisting? Champion Breweries expressed excitement about entering a new chapter of growth and value creation for all its stakeholders, fueled by EnjoyCorp’s vision and resources.  

The company is confident that this partnership will unlock new opportunities and elevate its brand to greater heights.