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Nigerian Breweries mulls acquisition of Distell Wines & Spirits Nigeria

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The company got an approach from Heineken Beverages to buy the 80 per cent shareholdingin Distell Wines & Spirits Nigeria Limited

The company got an approach from Heineken Beverages to buy the 80 per cent shareholding in Distell Wines & Spirits Nigeria Limited, which the latter is looking to offload, according to a statement issued by Nigerian Breweries on Wednesday.

“The Board resolved to consider the offer in detail with support from external legal and financial advisers and thereafter make a decision thereon in the coming weeks,” the document said.

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