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Nairaland Forum / Nairaland / General / Business / International Breweries To Merge With Two Other Firms After SEC, NSE Approval (11078 Views)
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Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 7:56am On Sep 07, 2017 |
FKO81: Laudate already whoped your ass ......... Even the company website says it was founded by a Yoruba man. Find and beat them nau. Jealous Ibo elede 2 Likes |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by gratiaeo(m): 8:06am On Sep 07, 2017 |
okway:International Breweries Plc (“IBPlc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) announced on Tuesday it has received regulatory approvals from the Nigerian Securities and Exchange Commission (“SEC”) and the Nigerian Stock Exchange (“NSE”) to merge with its sister companies, Intafact Beverages Limited and Pabod Breweries |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 8:11am On Sep 07, 2017 |
okway:Ignoramus, always research before displaying your ignorance online. https://pageone.ng/2017/05/09/international-breweries-apel-capital/ International Breweries plc picks Apel Capital as registrar Written by Mariam Ogunlana on May 9, 2017 he Directors of International Breweries Plc has appointed APEL CAPITAL REGISTRARS LIMITED “APEL” as the new Registrars to the Company effective from 8 May, 2017. Apel Capital replaces Africa Prudential PLC and this announcement is for the attention of IB PLC shareholders and the market in general as other statutory publications will follow accordingly. Apel Asset Limited was incorporated in August 2004 and admitted as a member of the Nigerian Stock Exchange in 2005. The Company is a specialized financial services organization focused on providing integrated financial solutions to Clients in the areas of Securities Trading, Corporate Finance and Asset Management.As part of the Company’s corporate focus in becoming a one stop financial solutions provider, Apel Asset Limited acquired PHB Capital & Trust Limited (now Apel Capital & Trust Limited) in 2013. Company Information International Breweries plc is a brewery in Nigeria. It began production in December 1978 with an installed capacity of 200 000 hectolitres per annum, this increased to 500 000 hl/a in December 1982.On 26 April 1994 International Breweries plc became a public limited liability company and listed on the Nigerian Stock Exchange. International Breweries plc has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity. On 1 January 2012, SABMiller took operational management control of International Breweries from BGI Castel. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by gratiaeo(m): 8:11am On Sep 07, 2017 |
okway:International Breweries Plc, the Ilesha-based brewer owned by AB InBev has named Mr. Sunday Akintoye Omole as its new Board Chairman effective 22 March, 2017. Mr. Omole takes over from the erstwhile Managing Director and Board Chairman, Otunba Michael Daramola, who retired in line with the company’s Articles of Association |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 8:18am On Sep 07, 2017 |
International breweries
Owners Brauhaase International Management GMBH (72.03%) L.A. Pro-Shares Limited (5.04%) Individuals (15.9%) On 26 April 1994 International Breweries plc became a public limited liability company and listed on the Nigerian Stock Exchange. International Breweries plc has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity. On 1 January 2012, SABMiller took operational management control of International Breweries from BGI Castel . |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 8:26am On Sep 07, 2017 |
FKO81: Owning shares of a company doesn't mean you own the company. What type of illiterates do we have on NL nowadays? He evens aid Peter Obi owns the company. These anambran clowns 4 Likes |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 8:27am On Sep 07, 2017 |
gratiaeo: gratiaeo: Clowns. Get your stories straight lol |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by wildchild02: 8:30am On Sep 07, 2017 |
Better be productive o Check my signature to order your football jerseys and get FREE CUSTOMIZATION, YES you heard me right FREE CUSTOMIZATION (Sallah Promo is still on) |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by lawani: 8:34am On Sep 07, 2017 |
Is it a merger or an acquisition by IB Plc? |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by zoedew: 8:39am On Sep 07, 2017 |
okway: So pathetic to note that you see from the prism of the tribal! |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 8:44am On Sep 07, 2017 |
okway:Just hear yourself e-Go a..t "owning shares of the company doesn't mean you own the company " Saving face I guess after realising GMBH owns 75% shares of international breweries? |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 8:47am On Sep 07, 2017 |
zoedew: Pele if it pains you |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 8:49am On Sep 07, 2017 |
FKO81: You sound pathetic. There's no need to save face. If GMBH wants to argue the ownership, then they can edit the company website that claims that it is owned by a Yoruba man. And furthermore, shares can be bought back. It doesn't mean they own the company. 2 Likes |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 8:50am On Sep 07, 2017 |
lawani: International Breweries to explore merger with Intafact and Pabod Breweries 06 Jun 2017, 03:42 pm Financial Nigeria International Breweries said today that it has agreed to explore a merger with Intafact Beverages and Pabod Breweries, according to a statement released on the Nigerian Stock Exchange. The proposed merger comes months after Anheuser-Busch InBev, the world’s largest beer company, completed its $106 billion acquisition of SAB Miller in October 2016. All three breweries – International Breweries, Intafact Beverages, and Pabod Breweries – were all subsidiaries of SAB Miller. International Breweries said the proposed merger is expected to generate both revenue and cost synergies, enhanced operational efficiencies, better resource management, and more streamlined operations. “On receipt of regulatory approvals (including from the Nigerian Stock Exchange and Securities and Exchange Commission), all parties will take further steps to consummate the proposed merger including obtaining the approval of their respective shareholders at separate court- ordered meetings,” the company said. “All three companies . . . will continue to operate as usual until the receipt of required approvals.” International Breweries is based in Ilesa, Osun State, and manufactures Trophy lager beer; Intafact Beverages is based in Onitsha, Anambra State, producing the popular Hero lager beer; and Pabod Breweries is based in Port Harcourt, Rivers State, with Grand lager beer as its main product. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by lawani: 9:03am On Sep 07, 2017 |
[quote author=FKO81 post=60212232] International Breweries to explore merger with Intafact and Pabod Breweries 06 Jun 2017, 03:42 pm Financial Nigeria International Breweries said today that it has agreed to explore a merger with Intafact Beverages and Pabod Breweries, according to a statement released on the Nigerian Stock Exchange. The proposed merger comes months after Anheuser-Busch InBev, the world’s largest beer company, completed its $106 billion acquisition of SAB Miller in October 2016. All three breweries – International Breweries, Intafact Beverages, and Pabod Breweries – were all subsidiaries of SAB Miller. International Breweries said the proposed merger is expected to generate both revenue and cost synergies, enhanced operational efficiencies, better resource management, and more streamlined operations. “On receipt of regulatory approvals (including from the Nigerian Stock Exchange and Securities and Exchange Commission), all parties will ok but ibplc retains name |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 9:12am On Sep 07, 2017 |
I wonder why coneheads enjoying deceiving and fooling themselves. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by okway: 9:15am On Sep 07, 2017 |
FKO81: You still sounding bitter and pained? The company is owned by a Yoruba man, if you like, quote Putin. 1 Like |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by wengerman: 9:16am On Sep 07, 2017 |
ademoladeji:San Miller has been bought by ab imbev 1 Like |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by MeinKampf: 9:38am On Sep 07, 2017 |
ademoladeji: AB Inbev has acquired SAB Miller |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by Nobody: 11:08am On Sep 07, 2017 |
Merger is very good, at least they will be a force to reckon against the competitive market. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by babamoha(m): 11:16am On Sep 07, 2017 |
sagitariusbaby: sagitariusbaby: |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by laudate: 11:46am On Sep 07, 2017 |
FKO81: Do you know your problem? You always quote things out of context. What are you trying to say here, after quoting this long epistle? |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by ademoladeji(m): 11:47am On Sep 07, 2017 |
MeinKampf: Yes. Over a year ago |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by laudate: 11:52am On Sep 07, 2017 |
gratiaeo: Sunday Omole is a close relative of Lawrence Omole, the founder of International Breweries. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by laudate: 11:56am On Sep 07, 2017 |
FKO81:Peter Obi is an owner of ....what? Intafact? What is the source of your story? Where is the evidence? And what is the size of his shareholding, please? I don't want to say you are lying, but.... |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by seunawo1(m): 1:36pm On Sep 07, 2017 |
THIS IS ADDITIONAL PROBLEM TO [b][/b]NIGERIA BREWERIES compared to the one they are facing now by this same company. Best of luck to them and happy sales. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by glingev(m): 1:53pm On Sep 07, 2017 |
When will we have a wholly owned indigenous "Nigerian" brewery |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by CHANCEMAN: 2:26pm On Sep 07, 2017 |
okway: Founded and own do not mean the same thing. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by lawani: 2:51pm On Sep 07, 2017 |
CHANCEMAN:Nigerian Biz men should emulate sir Lawrence Omole by building coys that will outlast them. i think his son is still the chairman today. |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by MeinKampf: 5:52pm On Sep 07, 2017 |
ademoladeji: That makes AB Inbev the number 1 beer making company in the world leaving Heineken(owners of Nigerian Breweries ) at number 2 1 Like |
Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by FKO81(m): 7:56pm On Sep 07, 2017 |
laudate: Intafact Beverages Limited INTAFACT BEVERAGES LIMITED Industry Brewing Predecessor Intafact Properties Founded Onitsha, Nigeria Headquarters Onitsha , Anambra State, Nigeria Number of locations 1 Brewery (Onitsha) Products Brewing of Beer and Non- alcoholic Malt drinks In 2014 a decision was made to invest US $110 million to increase the current annual capacity from 700 000 to 2.1 million hectolitres. The capacity upgrade is due to be completed in 2015. Brands The brewery produces brands including Hero Lager Castle Milk Stout (6%ABV) Grand Malt (non-alcoholic) Beta Malt (non-alcoholic) Ownership Controversy 2013 A controversy arose in August 2013 about the issue of shares to Next International a company owned by the Anambra state governor Peter Obi. [2] It is also reported that he invested 2 billion Naira of the state money for a 10% stake in the brewery. https://newafricanpress.com/2014/01/24/sabmiller-invests-more-n20billion-in-anambra-state/ www.premiumtimesng.com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html https://www.vanguardngr.com/2012/08/former-rep-asks-obi-to-resign-over-brewery-ownership/ https://www.vanguardngr.com/2013/04/governor-obi-sued-over-alleged-diversion-of-n5bn-state-fund/
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Re: International Breweries To Merge With Two Other Firms After SEC, NSE Approval by ademoladeji(m): 8:39pm On Sep 07, 2017 |
MeinKampf: Yes of course. |
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