The local subsidiary of Heineken Brouwerijen B.V relies on imports for almost half of its input costs, forcing it to incur as much as N85 billion in net loss on foreign exchange transactions.
Champion Breweries Posts N1 73bn Profit as Revenue Soars thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Some shareholders of Champion Breweries Plc have kicked against plans by Raysun Nigeria Limited to take over the company, insisting merger is the best option to protect investors and maximise value on investment.