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 Champions 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 Companys two-step capital-raising programme.
