Nigerian Breweries Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange losses and part of its local bank debt facility.
Essaadi said the company is currently exploring various options to improve the company’s financial position and restore it to a path of sustainable profitability soo He also described the transaction as a strategic acquisition that would provide a complimentary multi-category portfolio and strengthen its market share in the beverage market and enhance the firm’s long-term profitability.
The International Renewable Energy Agency is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
Nigerian Breweries (NB) Plc Pre-AGM Press Conference
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