2025-12-15 08:00:00
According to The Punch, Champion Breweries opened a ₦15.91bn rights issue to eligible shareholders as part of a wider capital-raising programme tied to acquisition and expansion plans.
Punch reports the offer involves 994,221,766 ordinary shares priced at ₦16 per share, with proceeds expected to support the strategic acquisition of the Bullet brand and strengthen its growth agenda.
The company’s fundraising plan, the report notes, also envisages a public offer to follow after the rights issue.
Analysis/Echotitbits take: Rights issues can dilute or strengthen depending on execution and use of proceeds. Watch subscription levels, timelines for the Bullet acquisition close, and whether the subsequent public offer improves liquidity and free-float on NGX.
Source: THISDAYLIVE — November 26, 2025
THISDAYLIVE https://www.thisdaylive.com/2025/11/26/champion-breweries-commences-n15-91bn-rights-issue-to-strengthen-expansion-strategy/ November 26, 2025
