Daily Archives: November 5, 2015

Guinness gets New Directors

Guinness Nigeria Plc has announced the appointment of Mr. Emmanuel Egerton-Shyngle, as the national retail sales director, and Ms. Anne Maingi as the commercial effectiveness director with both appointments taking effect immediately.

A statement from the company on Tuesday said that Egerton-Shyngle was a sales director in Cadbury Nigeria Plc and was responsible for strategic market and business development, optimisation of the company’s route to market and effective distributor development.

AB InBev, SABMiller get another deadline extension

The U.K. Panel on Takeovers and Mergers on Wednesday, 4th November, agreed to extend the deadline for AB InBev’s $104bn takeover bid of its smaller rival, SABMiller, to give both companies more time to finalize the terms of the deal.

AB InBev now has until 5pm on 11th November GMT, to make a formal offer, or say it does not intend to make an offer. This would be the second time the U.K. Takeover Panel would grant an extension to both companies since they announced on 13th October to an ‘agreement in principle’.

Is Indonesia a market template for AJE Group in Nigeria?

AJEAST Nigeria Limited, a subsidiary of AJE Group, a Peruvian soft drink producer, with footprints in 20 countries and last year, was ranked 21 of all soft drink makers globally by Euromonitor, with sales of about $2bn, made its debut in Nigerian in October.

At the launch of the BIG Cola brand and its variants (Cola, Lemon, and Orange) at their production facility in Agbara Industrial Estate, Mr. Theo Williams, Country Manager for AJE said, “The focus is about consumers, AJE in Nigeria is to offer BIG for everybody, we are giving more for less. We want to ensure that consumers get something affordable that they can share with families and friends.