The shareholders of Champion Breweries Plc have approved a new capital raise of 45 billion naira in the form of debt and bonds. They also approved an increase in the company's authorized share capital to 5 billion shares.

Champion Breweries Plc issued a statement announcing that it would use the capital injection for its bold expansion program. EnjoyCorp Limited is the majority shareholder. The company said the approval was obtained at the company's extraordinary general meeting held virtually on Thursday, marking a vote of confidence in the transformation agenda and long-term growth trajectory of Champion Breweries

This funding round will strengthen the company's balance sheet, improve its liquidity and provide it with the financial flexibility needed to implement an ambitious program of expansion and innovation. Shareholders also approved the acquisition of certain intellectual property and brand assets in order to expand the Champion Breweries portfolio, improve operational efficiency, and strengthen its position in the competitive beverage market in

Le directeur général de Champion Breweries, Inalegwu Adoga , highlighted the resilience of the company and its pre ; ready for its next phase of growth. According to him, “ Champion Breweries has consistently shown resilience and potential, even when previous challenges required a stabilization phase. With this new era of industrial growth, we are ready to evolve beyond our simple shelf presence to create a significant impact on the market by positioning Champion Breweries as a driver of cultural and economic value.