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Kayode Tokede
Champion Breweries Plc has introduced the official opening of its N42 billion Public Provide of atypical shares at N16.00 per share, following approvals from the Securities and Alternate Fee (SEC) and the Nigerian Alternate Restricted (NGX).
The general public provide provides institutional and retail traders a chance to take part in Champion’s subsequent part of progress because it prepares to amass the Bullet model portfolio and increase its footprint throughout Africa.
The general public provide follows the N15.9 billion rights subject to current shareholders, representing the primary part of the Firm’s two-step capital-raising programme.
The corporate presents construction at 2,625,000,000 atypical shares of fifty kobo every with a proposal value of N16.00 per share, payable in full on utility. The applying opens on January 8, 2026 and closes January 21, 2026.
The administration of Champion Breweries revealed that the online proceeds from the general public provide, along with these of the rights subject, can be used to fund the acquisition of the Bullet model portfolio via an asset carve out that transfers possession of Bullet’s manufacturers, logos, recipes and industrial rights throughout its African markets to Champion.
Additionally, the proceeds can be used to help the corporate’s working capital necessities and progress initiatives in areas similar to path to market, advertising and marketing, innovation and capability growth.
Bullet is Nigeria’s main able to drink alcoholic beverage and one of many high power drink manufacturers in its markets of presence. The model is at present offered in 14 African international locations and earns a good portion of its revenues in overseas forex, offering Champion with a pure FX hedge and a platform for continued regional growth.
Champion has delivered robust and enhancing outcomes lately. Income elevated from N12.7 billion in 2023 to N20.9 billion in 2024, whereas internet earnings rose from N370 million to N817 million. Within the first half of 2025, Champion reported N15.9 billion in income and N2.3 billion in internet earnings, representing a document setting efficiency and underlining the robustness of its working mannequin.
The Managing Director of Champion Breweries, Dr Inalegwu Adoga in an announcement stated, “The opening of our Public Provide is an invite for traders to share within the subsequent part of Champion’s progress. With the Bullet acquisition, we’re combining almost 50 years of brewing heritage with a confirmed pan African RTD and power drink platform.”
Additionally, the Group Managing Director, enJOYcorp, David Butler added, “Champion’s story is one among disciplined execution and good capital deployment. The asset carve out construction for Bullet will imply we will unlock FX earnings and scale rapidly, with out heavy upfront funding in new vegetation. This Public Provide permits a wider pool of traders to take part in that technique.”
The Public Provide is managed by Rand Service provider Financial institution Nigeria Restricted as Lead Issuing Home, with FBNQuest Service provider Financial institution Restricted, FCMB Capital Markets Restricted, CardinalStone Companions Restricted, Greenwich Service provider Financial institution Restricted, Chapel Hill Denham Advisory Restricted, Comercio Companions Capital Restricted, and Fortress Capital Restricted serving as Joint Issuing Homes. Africa Prudential Plc is the Registrar to the Provide. Potential traders are suggested to learn the Prospectus fastidiously and to seek the advice of their stockbrokers, bankers or funding advisers earlier than investing determination.
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