Champion Breweries Plc has proposed a corporate restructuring that will create a new listed holding company, Champion Brands Plc, as the brewer seeks to expand its beverage business across Africa and accommodate its growing portfolio of brands.
Under the proposed Scheme of Arrangement, Champion Brands Limited will be re-registered as a public limited liability company and become the new parent company of the group, with its shares listed on the Nigerian Exchange (NGX).
Champion Breweries will become a wholly owned subsidiary of the new holding company, while its shares will be delisted from the Exchange following the completion of the transaction.
According to the company’s proposed scheme, existing shareholders will receive one Champion Brands share for every Champion Breweries share held, maintaining their proportionate ownership in the reorganised group without requiring additional payment.
The scheme provides for the exchange of all 11,323,611,233 ordinary shares of Champion Breweries held by eligible shareholders for an equivalent number of fully paid shares in Champion Brands.
The proposed restructuring will also involve transferring Champion Breweries’ investment in enJOYbev B.V. to the new holding company, making both businesses direct subsidiaries of Champion Brands.
Champion Breweries acquired an 80% equity interest in enJOYbev B.V. on February 26, 2026, according to its nine-month financial statements filed with the NGX.
The Netherlands-incorporated company distributes energy drinks and ready-to-drink beverages, including the Bullet brand, which has expanded Champion Breweries’ product portfolio and commercial presence across 14 African markets.
In a statement issued on November 11, 2026, Champion Breweries said the proposed holding-company structure was designed to reflect its transition from a Nigerian brewing business into a broader, multi-category beverage group.
The company said the new structure would provide investors with a clearer view of the group’s diversified businesses, improve flexibility in capital allocation and create a platform for expansion into additional products, beverage categories and African markets.
Chairman of Champion Breweries, Imo-Abasi Jacob, said the restructuring would support the group’s long-term ambitions beyond its existing businesses and markets, while preserving shareholders’ proportionate ownership.
Managing Director and Chief Executive Officer, Malolan Sampath, said the proposed arrangement would not affect the group’s existing operations, brands, employees, customers or suppliers.
Champion Breweries will continue producing Champion Lager and Champ Malta at its brewing facility in Uyo, Akwa Ibom State, after the restructuring.
A court-ordered meeting has been scheduled for December 3, 2026, for shareholders to consider and vote on the proposed scheme. The meeting follows an order of the Federal High Court issued on November 5, 2026.
The transaction remains subject to shareholder approval, the sanction of the Federal High Court and the necessary regulatory clearances from relevant authorities, including the Securities and Exchange Commission, Nigerian Exchange and Corporate Affairs Commission.
Champion Breweries expects the restructuring to be completed in the first quarter of 2027, subject to the required approvals.
Until the transaction takes effect, Champion Breweries shares will continue trading on the NGX.
If approved and implemented, the arrangement will transfer shareholders’ direct investment in the listed brewing company to the new holding company, giving them ownership interests in a broader beverage group comprising Champion Breweries and enJOYbev B.V.
