Daily Archives: September 10, 2015

Transcorp’s Teragro partners Coca-Cola on new Five Alive Orange Juice

Nigerian Bottling Company, bottlers of the famed Coca-Cola brand in Nigeria have just introduced a new line of fruit juice made from concentrate, Five Alive Pulpy Orange.

The company also said that it has partnered with Teragro, the agricultural arm of Transnational Corporation of Nigeria Plc (Transcorp) as the sole local concentrate sourcing partner.

Teragro Commodities Limited produces orange, mango and pineapple concentrates for industrial markets. It first began producing concentrates for Coca-Cola in 2014.

Walter Drenth moves on from Nigerian Breweries Plc; replaced by Franco Maria Maggi

Walter Drenth, Marketing Director at Nigeria Breweries Plc has left his position and has been replaced by Franco Maria Maggi.

Before taking up his current position, Mr. Maggi was the Director of Marca Heineken Bohemia xx Stron from November 2012 to August 2015. He started his career as a Trainee in Heineken, Netherlands in November 2001 and rose to the rank of Heineken Branch Director in October 2010. He has been a director at Nigerian Breweries Plc since early this month, just before assuming his current post.

Diageo to invest $208m in Nigerian subsidiary

Diageo Plc, through its wholly owned subsidiary, Guinness Overseas Limited announced on Wednesday, Sept. 9th that it intends to increase its shares in Guinness Nigeria Plc by 15.7 percent, up to N41.37 billion naira (£135 million). Guinness Nigeria is a subsidiary of Diageo Plc. The deal would increase Diageo’s stake in the company to 70 percent.

Guinness Nigeria said its parent company, which already owns 54.3 percent of the company has expressed intentions of launching a partial tender offer to existing shareholders and would acquire additional shares on the Nigerian stock exchange at a price of no more than N175 per share.