Champion Breweries Plc has received egulatory approval to raise ₦42 billion through a Public Offer at ₦16 per share,
The offer, which opens January 8 and closes January 21, 2026, involves the issuance of 2.625 billion ordinary shares and will be listed on the Nigerian Exchange Limited.
The Public Offer follows Champion’s earlier ₦15.9 billion Rights Issue. The two-stage capital raise is aimed at repositioning the company for regional scale.
According to the company, the proceeds will be used primarily to acquire the Bullet brand portfolio through an asset carve-out structure. The transaction will transfer ownership of Bullet’s brands, trademarks, recipes and commercial rights across its African markets to Champion.
Also, part of the funds will support Champion’ Breweries working capital and growth initiatives, including route-to-market expansion, marketing, product innovation and capacity upgrades.
Bullet currently sold in 14 African countries, the brand earns a significant share of revenues in foreign currency, providing Champion with a built-in FX hedge and a platform for regional expansion.
In 2024, Champion Breweries revenue rose sharply from ₦12.7 billion in 2023 to ₦20.9 billion, while net income more than doubled from ₦370 million to ₦817 million over the same period.
In the first half of H1 2025, the company posted ₦15.9 billion in revenue and ₦2.3 billion in net profit, a record performance that management says underscores the strength of its operating model and cost discipline.
The equity price of Champion Breweries closed at N16.45 per share on Friday.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
