AB InBev pumps US$339m into its Nigerian subsidiary International Breweries

NIGERIA – Anheuser-Busch InBev (AB InBev) the parent company of International breweries has injected N123bn (US$339m) into the breweries operations, committing to participate fully in the new capital raising exercise. This follows the approval by […]

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 launches youth entrepreneurship programme

NIGERIA – International Breweries Plc, ABInBev’s subsidiary in Nigeria, has flagged off the 2019 edition of Kickstart, an innovative youth entrepreneurship programme. The programme empowers young people with the financial capability and training to implement […]

Nigeria’s International Breweries appoints Olutoyin Modupe to its Board

NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company. The Nigerian Stock Exchange (NSE) listed […]

International Breweries names consultancy firm XLR8 as Public Relations partner

NIGERIA – International Breweries, the Nigerian subsidiary of the world’s largest brewer, AB InBev has appointed leading communications consultancy, XLR8 to manage its public relations. According to Beverage Industry News, XLRB will be responsible for […]

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

NIGERIA – Nigeria based International Breweries Plc has appointed Mr. Andrew Scott Murray as a Non-Executive Director of the company. In a company statement, the company indicated that Mr. Murray is currently the Vice-President, Finance […]