International Breweries merger gets shareholders’ approval

NIGERIA - International Breweries Plc (“IBPlc”), said on Thursday that its shareholders and the shareholders of Intafact Beverages Limited and Pabod Breweries Limited (the “merging entities”) have approved the merger of all three companies. With approval received from the shareholders of the merging entities, the company said it will will seek final regulatory approvals from…

AB InBev to increase stake in Nigerian brewer post-merger

NIGERIA - Anheuser-Busch InBev, the Belgian brewer which controls three independently operated breweries in Nigeria will increase its majority equity stake in International Breweries Plc (“IBPlc”) to 75.1% following the ongoing merger of its Nigerian operations. AB InBev announced in early June that the Board of Directors of its three indirect Nigerian subsidiaries – IBPlc,…