Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the brewer’s shares.

The disclosure states that 1,196,799,164 Ordinary shares, represent 15% of the total shares outstanding.

It further states that the take-over document containing an acceptance form has been forwarded to qualifying shareholders.

Champion Breweries shares currently trade at N2.36 per share.
– Nairametrics