Nigeria Breweries merger with Consolidated Breweries

Overview:

• Nigeria Breweries and Consolidated Breweries, Nigeria's first and third largest breweries respectively, have merged.
• The merged entities will operate under the Nigeria Breweries brand, which will remain listed on the Nigerian Stock Exchange. 
• Dutch brewer Heineken was the majority shareholder in both Nigerian beer producers.
• The merger was agreed after a court-ordered vote among shareholders - excluding Heineken - went in favour of the deal. 
• The move added three breweries and six new brands to Nigeria Breweries' existing portfolio. 

Ben Naylor - Regional editor