Raysun Nigeria Limited Moves to Takeover Champion Breweries Plc

The Raysun Nigeria Limited has acquired 1.904 billion shares in Champion Breweries Plc for N4.959 billion.

According to the latest filing with the Nigerian Stock Exchange, Raysun Nigeria Limited acquired 1,903,609,538 shares of Champion Breweries at N2.60 per unit on January 7th, 2021 from the Nigerian Stock Exchange in Lagos Nigeria.

Champion Breweries’ total market capital stood at N7.986 billion with 7.829 billion outstanding shares as of Monday 11th, 2021. Suggesting that Raysun Nigeria Limited acquired about one-third of the company’s shares to be in a position to take over the breweries’ operations depending on the previous stake in the company. See the details below.