By Kate Oboho
Champion Breweries Plc has announced a landmark restructuring that will create a new listed parent company, Champion Brands Plc, and transform the company from a Nigerian brewer into a broader, multi-category African beverage group.
Under the proposed Scheme of Arrangement, Champion Brands Limited will be re-registered as a public limited liability company, Champion Brands Plc, and listed on Nigerian Exchange Limited (NGX) as the group’s new parent company. Champion Breweries Plc will become a wholly owned subsidiary and will be delisted from the Exchange.
The company issued the disclosure in a press statement on Wednesday, November 11, 2026.
Existing shareholders need not worry. 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 Plc.
This means shareholders will retain their exact proportionate ownership in the expanded group without making additional payments or applying separately for the new shares.
Champion Brands Plc, once listed, will be subject to the governance and disclosure requirements applicable to companies listed on the NGX.
As part of the restructuring, the company’s shareholding in enJOYbev B.V., the company behind the Bullet range of beverages, will be transferred to the new holding company.
enJOYbev B.V. will therefore become a direct subsidiary of Champion Brands Plc, alongside Champion Breweries Plc.
The company described the move as a reflection of its evolution into a broader, multi-category African beverage business.
“Champion Breweries Plc has proposed a restructuring that would establish Champion Brands Limited as the new parent company of the group, reflecting its evolution into a broader, multi-category African beverage business,” the statement read.
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According to Chairman, Mr. 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, but would position the group to compete more effectively across Africa.
Champion Breweries assured stakeholders that its existing brewing operations will continue without disruption.
Managing Director and Chief Executive Officer, Mr. Malolan Sampath, said the arrangement would not affect the company’s operations, brands, employees, customers or suppliers.
Champion Breweries will continue producing its flagship brands, Champion Lager and Champ Malta, at its brewing facility in Uyo, Akwa Ibom State.
The wider group will operate under Champion Brands, with both Champion Breweries and enJOYbev B.V. becoming subsidiaries of the new holding company.
The proposed restructuring comes as Champion Breweries expands its product range and presence across African markets.
In February 2026, the company acquired enJOYbev B.V. from Sun Mark, giving it access to the Bullet global brand portfolio, comprising ready-to-drink and energy beverages distributed across 14 African markets.
The company has also partnered with Thistlerock Enterprises Limited, owner of Bature Brewery, to manufacture and distribute three craft beer brands across Nigeria – Lagos Lager, Black Gold Stout and Harmattan Haze – which Champion will produce at its Uyo brewery. The partnership includes an option for Champion Breweries to acquire the brands outright.
The momentum is backed by strong financials. 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.
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.
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