Coca-Cola Hellenic Bottling Company (HBC), which bottles Coca-Cola products in Nigeria and 27 European countries, said it has reached an agreement to acquire Italian mineral water and sparkling beverages firm, Lurisia for €88 million euros ($97 million).
According to the company, the purchase was made with the global bottling group, The Coca-Cola Company (TCCC) and would allow it to add Italian premium brands to its portfolio which already includes iced teas and plant-based drinks.
International Breweries Plc (IB PLC) has notified the Nigerian Stock Exchange (NSE) of its intention to seek a “Rights Issue” following a meeting of the company’s Board of Directors on 18th September 2019.
In a statement sent to the NSE on Wednesday, the company said that the “Board of Directors of International Breweries Plc at its Board meeting held on 18 September, 2019 considered and approved a proposal for a Rights Issue as a form of Capital Raising for the Company.”
A rights issue is an issue of shares offered at a special discounted price by a company to its existing shareholders in proportion to their holding of old shares.
