HEINEKEN Majority Owned Subsidiaries Nigerian Breweries PLDC and Consolidated Breweries Receive Shareholder Approval for Merger
5 Dec 2014 --- Heineken N.V. announced that its majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc have received shareholder approval to merge the two businesses by way of a scheme of merger.
Voting results of the Court Ordered Meetings of Shareholders, held on 4 December 2014, have been submitted to the Stock Exchange in Lagos, Nigeria.
It is intended that Nigerian Breweries plc as the remaining legal entity will remain listed on the Nigerian Stock Exchange after the completion of the merger. Regulatory and other approvals are expected to take another few weeks, and until these have been obtained both businesses will continue to operate as usual.
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