Champion Breweries Plc has proposed a restructuring that would see Champion Brands Limited re-registered as Champion Brands Plc and listed on the Nigerian Exchange (NGX) as the group’s new parent company, replacing Champion Breweries, which will be delisted, subject to the necessary approvals.
The disclosure was contained in a press statement by the company seen by Nairametrics dated Wednesday, November 11, 2026.
Under the proposed arrangement, existing shareholders will exchange their Champion Breweries shares for an equivalent number of shares in Champion Brands, which will become the group’s new listed parent company, subject to shareholder and regulatory approvals.
The proposed Scheme of Arrangement will see Champion Brands Limited re-registered as a public limited liability company, Champion Brands Plc, and become the group’s new parent company on the NGX.
Champion Breweries will become a wholly owned subsidiary and be delisted from the Exchange, while its shareholding in enJOYbev B.V., the company behind the Bullet range of beverages, will be transferred to the new holding company.
The company described the proposed restructuring as a reflection of its evolution into a broader, multi-category African beverage business.
Under the proposed one-for-one share exchange, the 11,323,611,233 ordinary shares held by existing Champion Breweries shareholders will be exchanged for an equivalent number of fully paid shares in Champion Brands. This means shareholders will retain their proportionate ownership in the expanded group without making additional payments or applying separately for the new shares.
According to Chairman Imo-Abasi Jacob, the new structure is intended to provide greater flexibility in allocating capital, strengthen existing brands and support expansion into new products and African markets. He added that the restructuring would not change shareholders’ proportionate ownership.
Champion Breweries said its existing brewing operations would continue without disruption following the proposed restructuring. Its Managing Director and Chief Executive Officer, Malolan Sampath, said the arrangement would not affect the company’s operations, brands, employees, customers or suppliers.
The proposed Scheme requires shareholder approval, the sanction of the Federal High Court and other necessary regulatory approvals. Champion Breweries expects the restructuring to be completed in the first quarter of 2027, subject to the required approvals. Its shares will continue trading on the NGX pending implementation of the Scheme.
The proposed restructuring comes as Champion Breweries expands its product range and presence across African markets. The company’s acquisition of enJOYbev B.V. from Sun Mark in February 2026 gave it access to the Bullet global brand portfolio, comprising ready-to-drink and energy beverages distributed across 14 African markets.
The products will be distributed through the company’s nationwide network.
The company reported revenue of N29.80 billion for the financial year ended December 2025, representing a 43% increase from the previous year. Profit after tax also rose by 119% to N1.79 billion.
