Champion Breweries Drop N42Bn Public Offer for Bullet Brand

Na so dem dey do big things for Naija! Champion Breweries don launch N42 billion Public Offer wey dey shake table for obodo brewing industry. Dem open am on January 8, 2026, as dem wan use this money to expand and acquire Bullet brand across Africa. Wetin be Bullet? Na one of Nigeria’s top alcoholic drinks and energy brand! Dem dey sell am for 14 African countries, sharap!

Make I break am down for you: The shares dey sell for N16.00 per share and dem go issue 2.63 billion ordinary shares of 50 kobo each. You fit imagine say this Public Offer na the second phase of their plan after dem don gather N15.9 billion from their Rights Issue wey dem do before. All this money go help dem grab Bullet brand and get ready to dey jolly-jolly for Africa!

The Managing Director of Champion Breweries, Inalegwu Adoga, don talk say this na golden chance for investors to enter the next growth level of the company. E come talk say with Bullet acquisition, dem dey mix nearly 50 years of brewing experience with a solid platform wey dey ready for pan-African drinks market. Na serious combo o!

David Butler, wey be Group Managing Director of enJOYcorp, come dey praise this offer, say na strategic move to expand dem operations. He talk say dem sabi how to manage capital well; dis one go help dem get foreign exchange and scale dem business without spending plenty for new plants.

Bullet don already dey make waves for market and generate good revenue in forex, wey dey protect dem from currency wahala. For recent years, Champion don show strong growth. From N12.7 billion revenue for 2023, e don jump reach N20.9 billion in 2024. Dem net income sef don double from N370 million to N817 million during this period.

For first half of 2025, di company report N15.9 billion revenue and N2.3 billion net income, making am dem strongest half-year performance ever! Dis Public Offer dey managed by Rand Merchant Bank Nigeria Limited, with other houses wey dey join as support, while Africa Prudential Plc dey handle the registration side.

So, if you dey look for investment opportunity, this na your chance! You fit apply through authorized agents or fit jolly-jolly do am electronically for NGX Invest platform. Na shine your eye, make you no miss am!