Prime Business Africa
Raysun Nigeria Limited, the majority shareholder of Champion Brew, has sold 350 million shares in the brewer to reduce its stake by 3.91 percent in the first quarter (Q1) of 2025.
Prime Business Africa gathered that Raysun Nigeria Limited held 7.17 billion shares in Champion Brew as of December 31, 2024, representing an 80.21 percent controlling stake in the brewer.
Join our WhatsApp ChannelHowever, at the end of March, Raysun Nigeria had reduced its shares in Champion Brew from 7.17 billion shares to 6,82 billion, representing a 76.30 percent controlling stake.
According to an analysis by PBA, it was gathered that the majority shareholder sold the 350 million shares at a time when Champion Brew’s shares were being sought after by stock market investors.
In the first quarter of this year, Champion Brew shares appreciated by 7.34 percent or N0.28 kobo, rising from N3.81 kobo per share at the start of January to N4.09 at the end of March.
As a result, the value of Raysun Nigeria’s shares in Champion Brew increased from N27.34 billion at the end of last year to N27.92 billion as of March 31, 2025, despite selling 4.87 percent of its shares in the company.
A broader look showed that the value of Raysun Nigeria’s shares has increased further by 82.15 percent in the second quarter (Q2), on the back of a N3.36 kobo appreciation in Champion Brew’s share price.
This means Raysun Nigeria has gained N22.93 billion within two months, as its total investment in Champion Brew has increased to N50.86 billion as of May 23, despite reducing its stake by 3.91 percent in the previous quarter.
Raysun Nigeria has benefited from a bullish period Champion Brew is experiencing since the start of the year, as Prime Business Africa noted that the brewer’s share price has been on an upward trajectory.
Year-to-date, Champion Brew’s shares have appreciated by 95.53 percent, handing the company’s shareholders a combined gain of N32.57 billion in five months, and increasing the brewer’s market valuation from N34.09 billion to N66.66 billion.
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