Business
Shareholders Approve Sona Systems, Life Breweries Acquisition
Nigerian Breweries (NB)Plc on Monday acquired majority equity interests in Sona Systems Associates Business Management Ltd and Life Breweries Company Ltd from Heineken N.V.
Mr AgeniYusuf, Corporate Affairs Adviser of NB, said the transaction followed Heineken’s earlier acquisition of controlling interests in five breweries in Nigeria from the Sona Group in January 2011.
The transaction which was approved by shareholders of Nigerian Breweries Plc at the company’s 65th annual general meeting in May, also received the official seal of the Securities and Exchange Commission (SEC) with Oct 1as the effective date.
Under the acquisition,Sona Systems’ two breweries in Ota,Kaduna and Life Breweries in Onitsha will become part of Nigerian Breweries Plc together with the three brands of Goldberg lager, Malta Gold and Life Continental lager. Mr Nicolaas Vervelde, Managing Director and Chief Executive of NB Plc in a statement, said that “the addition of these three breweries will enable us to address our existing capacity constraints as well as significantly broaden our geographic spread and strengthen our brand portfolio.” Welcoming employees of Sona Systems and Life Breweries, Vervelde said, “I am excited to welcome you as members of the Nigerian Breweries family.
“ I truly believe that together we have a great opportunity to grow our business and strengthen our market position for the benefit of our customers and consumers and the country as a whole,” he added.
NB Plc was incorporated in 1946 as the pioneer and leading beverage company in Nigeria.
It currently operates breweries in Lagos, Aba, Kaduna, Ibadan, Enugu, and a Malting Plant in Aba.
Heineken NV, which has majority interests in NB Plc and Consolidated Breweries Plc, in January acquired two holding companies from the Sona Group with controlling interests in each of Sona, IBBI, Benue, Life and Champion breweries.
It announced its intention to explore the possibility of consolidating the newly acquired breweries into its existing businesses in Nigeria.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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