Champion Breweries Plc has kicked off a N15.9 billion rights issue after securing shareholder approval at an extraordinary general meeting held on 24 July 2025. The funds raised will finance the company’s acquisition of the Bullet energy drink brand, an investment management believes will significantly strengthen its domestic market share and open new export opportunities.
Eligible shareholders on record as of 4 September 2025 can subscribe on the basis of one new ordinary share for every nine shares currently held. Priced at N16 per share (50 kobo nominal value), the offer will see up to 994,221,766 fresh shares issued to meet the full N15.9 billion target.The subscription window will be strictly limited, with Champion Breweries encouraging prompt participation to complete the Bullet deal before the end of 2025.
Rand Merchant Bank Nigeria Limited leads the transaction, alongside co-issuing houses FBNQuest Merchant Bank, CardinalStone Partners, Investment One Financial Services, and CFG Maynard. Investors are urged to study the rights circular thoroughly and consult advisers if necessary before committing.
