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Nigerian Breweries Plc to Acquire 80% Stake in Distell Wines and Spirits Nigeria Limited

Nigerian Breweries Plc- Nigeria’s foremost brewing company has concluded plans to acquire 80%  stake in Distell Wines and Spirits Nigeria Limited as part of efforts to capture significant growth opportunities in the wines and spirits segment of the brewing industry.

The announcement is contained in a notification of proposal sent to Nigeria Exchange Limited and signed by the company secretary, Uaboi Agbebaku, on Wednesday, May 31, 2023

Nigerian Breweries Plc received the offer from Heineken Beverages (Holdings) Limited to buy or acquire 80% majority interests in Distell Wines & Spirits Nigeria Limited (“Distell Nigeria”).

“The Board resolved to consider the offer in detail with support from external legal and financial advisers and thereafter make a decision thereon in the coming weeks. The outcome of the decision will be communicated in due course,” said Agbebaku.

Distell Nigeria is a subsidiary of Distell International Limited- a company 100% owned by Heineken Beverages. Distell International Limited holds 80% shareholding in Distell Nigeria, which was founded in 2018 with its headquarters in Lagos, Nigeria.

Distell Nigeria is involved in the local production of wines and ciders and the importation of wines, spirits, and flavoured alcoholic beverages from Distell Group in South Africa.

The list of brands in its portfolio includes Amarula, JC Leroux, Nederburg, Drostdy Haf, 4th Street, Bain’s, Knights, Chamdor, Hunters, and Savanna.

This acquisition will further strengthen the company’s leadership position in the brewing segment of the Nigerian manufacturing sector.

About Nigerian Breweries PLC:
A member of the HEINEKEN Group, Nigerian Breweries Plc is the pioneer and largest brewing company in Nigeria. Incorporated in 1946 as "Nigerian Brewery Limited", the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line. Today, it has a rich portfolio of 19 high-quality brands (such as Heineken, Desperados, Maltina, Life, Amstel Malta, Gulder, Fayrouz and Legend) produced from 9 breweries and 2 malting plants which are distributed nationwide. Nigerian Breweries is also a recipient of several awards and recognition in other areas of its operations including product quality, marketing excellence, productivity and innovation, health and safety, corporate social responsibility, and sustainability. To learn more, visit the Nigerian Breweries website:



Sade Morgan
Corporate Affairs Director



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