date:May 13, 2014
Dutch brewing company Heineken plans to merge its majority owned subsidiaries Nigerian Breweries and Consolidated Breweries, in a move to capitalize on the growth potential of the Nigerian beer and malt drinks market over the future.
Heineken currently owns 54.1% and 53.8% stake in Nigerian Breweries and Consolidated Breweries respectively.
The proposed merger is expected to improve operating and administrative efficiencies; increase the new company's speed and agility in response to market de