Heineken extends dominance of Nigerian brewery market with potential Champion Breweries takeover14/1/2021 Beer maker Heineken B.V. is on track to expand its control of the Nigerian brewery business, after racking up further 1,903,609,538 ordinary shares of Champion Breweries Plc in a move bringing its stake in the Uyo-based brewer to 84.7 per cent.
Heineken, headquartered in Amsterdam, Netherlands, consummated the share acquisition through its Nigerian subsidiary, Raysun Nigeria Limited, putting it in a strong position as the majority shareholder to make a takeover attempt. It will help broaden its dominance beyond Nigeria’s most capitalised beverage maker, Nigerian Breweries Plc, where Heineken wields 37.94 per cent stake via ownership of 3,034,100,563 shares. Consumers in Nigeria, Brazil and the United Kingdom – the brewer’s three biggest markets – drank 1 million hectolitres of Heineken brands in the 12 months of 2019, according to its 2019 financial results… More details through: https://www.premiumtimesng.com/business/436655-heineken-extends-dominance-of-nigerian-brewery-market-with-potential-champion-breweries-takeover.html
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Restriction placed on trade establishments as part of measures to combat coronavirus pandemic affected wine importation into Nigeria in 2020. The country took delivery of N154.1billion ($314.6million) wine as at December 2020 from five countries as against the annual imports of $1.2billion, leading to a 63 per cent fall in import.
Data by the United States Department of Agriculture (USDA)’s Global Agricultural Information Network (GAIN) revealed that Nigeria imported $136.66million from United States. Also, United Kingdom exported $31.1 worth of wine into the country; Spain, $20.96million; Brazil, $16million and South Africa , $15.7million. However, USDA noted while spirits constituted about 30per cent of the market for alcoholic beverages in the country, beer led with 55per cent with wine making up the remaining 15per cent. The GAIN estimate noted that 75per cent of the spirits consumed in Nigeria were locally made, while imported spirits accounted for $500million of the total value of spirits consumed between 2019 and 2020… More details through: https://www.newtelegraphng.com/nigeria-wine-imports-from-u-s-spain-drop-to-n154-1bn/ Nigeria Breweries Plc has invested N5bn in a new automated PET line for packaging non-alcoholic drinks.
Speaking at the unveiling of the ultra-modern packaging line in Ijebu-Ode Brewery on Thursday, the Governor of Ogun State, Prince Dapo Abiodun, expressed belief that the investment would bring immense economic opportunities to the state. He said the expansion of the brewery would boost the Gross Domestic Product of the country. The governor expressed joy at the success of the project, saying the location of the brewery was strategic to the development of the state… More details through: https://punchng.com/nigeria-breweries-invests-n5bn-in-new-automated-line/ Africa’s leading foods and manufacturing conglomerate, BUA Group, on Friday, signed an agreement with FAVA of Italy for the supply and installation of a pasta processing plant with a total capacity of 720tons per day of pasta across 5 lines which, when completed in 2021, will see BUA become the second-largest pasta producer in Nigeria.
This new plant will complement BUA Group’s already existing 720tpd pasta processing plant in Port Harcourt, bringing BUA’s total installed pasta processing capacity to 1,440tons per day across 10 lines by the end of 2021… More details through: https://www.vanguardngr.com/2020/10/bua-group-fava-of-italy-partner-on-720tons-day-pasta-processing-plant/ Nestlé S.A, Switzerland, the parent company of Nestlé Nigeria Plc, has increased its ownership percentage of the Nigerian subsidiary to 66.30 per cent.
With the recent purchase of 229,697 additional units in the shares of the company, and previous purchases from August 20 till date, amounting to 977,744 units, Nestlé S. raised its majority shareholding in the Nigerian subsidiary. Nestlé S.A spent about N1.17bn to buy shares of its Nigerian subsidiary in 22 days over three transactions… More details through: https://punchng.com/nestle-s-a-increases-stake-in-nigeria-subsidiary-to-66-3/ Netherlands-based Heineken N.V. has acquired additional equities stakes in Nigerian Breweries in deals valued at about N138.1 million. The latest acquisitions were struck between September 8 and 11, 2020.
Latest insider transaction reports at the Nigerian Stock Exchange (NSE) showed that Heineken, through Heineken Brouwerijen B.V, acquired 3.35 million ordinary shares of 50 kobo each in Nigerian Brewderies (NB) at an average price of N41.16 per share. It had between August 27 and August 31, 2020, acquired 0.192 million ordinary shares of 50 kobo each of NB at an average price of N37.13 per share… More details through: https://thenationonlineng.net/heineken-acquires-more-stakes-in-nigerian-breweries/ The Nigerian Bottling Company Limited has announced the successful installation of a new high-speed canning line at its Ikeja, Lagos plant, as it forges ahead with its business transformation and optimisation plan.
According to a statement issued by Associate Consultant, Content, Chain Reactions Nigeria, Akintayo Abodunrin, the line would increase the company’s production capacity for canned products, thereby reducing production time and making more Coca-Cola can products available across the country. In addition to the increased production capacity, the statement said all Coca-Cola products from the line would come in modern sleek cans… More details through: https://punchng.com/nbc-installs-high-speed-canning-line/ Amber Drinks Ltd has introduced its energy drink product into the competitive Nigerian energy drinks market. Speaking on the launch of Amber into the market, General Manager of Amber Drinks Ltd, Ms Lola Adedeji said her company introduced the new product with a view to offering Nigerian consumers an additional quality option in their energy drinks list and scale of preference.
More details through: https://dailytimes.ng/new-energy-drink-makes-entrant-into-the-nigerian-market/ PZ Cussons Nigeria Plc has advanced discussions on the sale of its food and drinks subsidiary, Nutricima Limited, to Nigerian milk industry leader, FrieslandCampina Wamco Nigeria Plc.
The Board of Directors of PZ Cussons Nigeria has scheduled an Extra-ordinary General Meeting (EGM) of shareholders later this month during which the divestment is expected to be considered and approved by shareholders. Shareholders are expected to approve and consent to the role of PZ Cussons Nigeria as “the property seller of the factory premises of Nutricima, in furtherance of the proposed sale of the business and assets of Nutricima Limited to FrieslandCampina Wamco Nigeria Plc and FrieslandCampina Nederland B.V.’’ The transaction includes the sale and transfers to FrieslandCampina Wamco Nigeria Plc of that portion of land measuring 67,733.235 square metres situate within Plot 20A Ikorodu Industrial Scheme in Ikorodu, Lagos State, carved out from the property covered by Certificate of Occupancy No. 6/6/1998E issued by the Lagos State Government on June 28, 1998 and has been registered as Number six at Page six in Volume 1998E in the Lands Registry of the Lagos State Government, along rights and investment interests in the buildings and improvements… More details through: https://thenationonlineng.net/pz-cussons-to-sell-food-subsidiary-to-friesland-wamco/ The total national household consumption expenditure on food and non-food items stood at $105.78 billion (N40.20 trillion) in 2019, according to the National Bureau of Statistics (NBS).
A similar study conducted in 2009/2010 by the NBS had put total household expenditure at N21.62 trillion. The NBS stated that of the total expenditure in 2019, 56.65 per cent was spent on food while about 43.35 per cent was expended on non-food items. According to the Consumption Expenditure Pattern in Nigeria 2019 report released by the statistical agency, food consumed outside the home, followed by transportation costs and starchy roots, tubers and plantains were responsible for the largest proportion of household expenditure representing a combined 24.16 per cent of total household expenditure during the year under review… More details through: https://www.thisdaylive.com/index.php/2020/05/15/nbs-nigerians-spent-n40-20tn-on-food-transport-others-in-2019/ |
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