Int’l Breweries to raise US$458m through ‘rights issue’ to offset staggering losses and mounting debt

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev is planning to raise N165bn (US$457.7m) in a share sale in order to reduce the mounting debt and reverse losses. This follows […]

International Breweries shareholders approve raising capital through Rights Issue

NIGERIA – The shareholders of International Breweries Plc have approved the company’s ‘Rights Issue’ as proposed by the Board of Directors and further authorised the board to take all steps required to give effect to […]

International Breweries to raise capital through Rights Issue

NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev has notified the Nigerian Stock Exchange (NSE) of its intention to seek a “Rights Issue” as a form of capital raising for the company, […]

International Breweries records loss of US$10.49m despite 230% growth in revenue

NIGERIA – International Breweries Plc, the Nigerian unit of Belgian brewer Anheuser-Busch InBev recorded a net loss of US$10.49 million (N3.8bn) for the year ended December 2018 despite a strong revenue growth of 230% to […]

Nigeria’s International Breweries appoints Richard Rivett-Carnac as Director

NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director. Mr. Rivett-Carnac replaces Phillip Redman who recently […]

International Breweries reports loss despite strong revenue boost in the first half

NIGERIA – International Breweries Plc, a subsidiary of the world’s largest brewer AB InBev has reported a loss of US$7.76m in the first half of 2018 from US$6.09mn in the first quarter. Revenue grew to […]