Daily Archives: April 13, 2017

Fijabi Adebo appeals court ruling, seeks compensatory damage from NBC

Fijabi Adebo, the man at the center of the Fanta, Sprite High Court ruling has appealed the lower court’s judgement to an appellate Court seeking unspecified damages from the Nigerian Bottling Company (“NBC”).

In the appeal filed at a Lagos Apellate Court, his counsel, Mr. Abiodun Onidare, argued that the trial judge failed to award damages and grant the reliefs sought by the petitioner, Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against NBC.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.

AB InBev to export African beer brands across the globe

Anheuser-Busch InBev said on Wednesday it plans to introduce African beer brands to its markets around the world as it seeks to make the most of its decision to acquire SABMiller.

“There are so many very unique African brands and I think it is time to sell African beers to the greater market,” said Ricardo Tadeu, Head of AB InBev’s African Operations.

Ajeast rolls out Big Volt Energy Drink

Ajeast Nigeria Limited, makers of Big Cola soft drinks have introduced yet another brand into the Nigerian market called – Big Volt Energy Drink.

At the unveiling of Big Volt in Lagos recently, Theo Williams, Country Manager, Ajeast Nigeria Limited, said that Big Volt is locally produced, and that consumers would have a viable alternative to existing foreign brands.