Nigerian Breweries raises stake in Distell Wines to 100%
Nigerian Breweries has acquired the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN).
NB had previously in June 2024 completed the acquisition of the 80% majority stake in DWSN from Heineken Beverages Limited.
The brewing company said the full acquisition followed the execution of a sale and purchase agreement with the DWSN minority shareholders, Ekulo International Limited and Next International Nigeria Limited, which each held a 10% stake in the company.
It said in a statement that the acquisition would help to reduce complexities and make decision-making faster in the NB’s ambition to expand beyond beer.
“Also, to increase the production capacity for the DWSN brands, the company’s production operations have been moved from its rented premises to NB’s premises. This move will equally allow DWSN to benefit from economies of scale available at NB’s premises as well as help to grow its share in the wines, spirits and RTD categories,” it said.
“Key wine and RTD brands produced locally by DWSN include Chamdor, 4th Street, Hunters Dry and Savanna. NB’s imported wines and spirits brands include Amarula Cream Liqueur, Drosty Hoff and Nederburg wines, and Bain’s whisky,” the company added.
