Champion Breweries Shareholders Endorse N45bn Capital Raise for Expansion

Champion Breweries shareholders endorse N45bn capital raise for expansion

The new capital raise, which will be executed through debt and bonds, follows EnjoyCorp Ltd’s 2024 acquisition of a majority stake in the brewery.

Champion Breweries gets shareholders’ nod to raise N45b for expansion - Worldstage

WorldStage Newsonline– Shareholders of Champion Breweries Plc have approved a fresh capital injection of N45 billion as the company intensifies plans to expand operations and strengthen its market position. The company also approved an increase in authorised share capital to five billion shares. The approval was given during an Extraordinary General Meeting (EGM) held virtually on Thursday. The new capital raise, which will be executed through d…