Nigerian Breweries Plc has acquired the remaining 20 percent of shares in Distell Wines and Spirits Nigeria Limited, completing its 100 percent acquisition of the company. This transaction marks Nigerian Breweries’ full ownership of DWSN, potentially enabling the company to expand its product offerings in the Nigerian market.
The acquisition aligns with Nigerian Breweries’ strategy to strengthen its position in the alcoholic beverage sector by enhancing its portfolio and distribution network in the region. This move may also provide opportunities for leveraging economies of scale and enhancing the company’s competitive edge in the market.
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