Tag Archives: International Breweries Plc

AB InBev expects capacity expansion in Sagamu brewery to reach $400m

Anheuser-Busch InBev (AB InBev) has said it expects its investment in the newly built Sagamu Brewery to hit $400 million.

The company’s Chief Executive Officer, Carlos Brito, disclosed this on Wednesday while responding to reporters’ questions at a media briefing in Johannesburg, South Africa.

Int’l Breweries names Olutoyin Modupe Odulate to its Board as an Independent Non-Executive Director

International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company.

According to a statement released on Tuesday by the brewing company, Odulate is a seasoned Consumer Goods and FMCG senior management professional with over 16 years of multi-national corporate experience in retail management & distribution, supply chain optimization, strategic development, operational planning, risk management, business development, product development, branding and marketing across the telecoms, management consulting & Consumer Goods /FMCG industries.

International Breweries gives reasons for late filing of 2018 results

International Breweries Plc, the Nigerian subsidiary of global brewing company AB InBev announced on Tuesday the reasons for the delay in release of its 2018 full year results, before the regulatory due date of 31 March 2019.

In a statement released to the Nigerian Stock Exchange (NSE), the brewer said that the late filing is occasioned by the follow-up activities to the merger with its sister companies which was concluded in December 2017, adding that integration processes are still ongoing. Also, the appointment of a new External Auditor in compliance with the Securities and Exchange Commission’s Code of Corporate Governance for Public Companies, 2011 (SEC Code) regarding the 10-year tenure for External Auditors added to the delay.

International Breweries celebrates distributors, trade partners at Gala night

International Breweries Plc, the Nigerian unit of Anheuser-Busch InBev recently hosted its distribution partners across the country to a gala night at the Sheraton Hotel, Lagos. The event was an opportunity for the company’s distributors, trade partners and other key stakeholders within the distribution value chain to exchange ideas, as well as deepen business relationships. It also provided the company an opportunity to fete and commend the performance of the distributor partners, with those who had excelled in their performance in the recent financial year, winning delectable prizes.

Int’l Breweries appoints Richard Rivett-Carnac as a Non-Executive Director

International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director.

In a statement, the company said that Mr Rivett-Carnac is the Mergers and Acquisitions/Treasury Director for AB InBev Africa, based in Johannesburg, South Africa. He is a Chartered Accountant and was an investment Banker with Barclays Capital U.K. He also worked with KPMG ABMiller group in 2009.

International Breweries delivers on Social Investment Projects to communities in Osun, Ogun and Oyo states

International Breweries Plc, the Nigerian unit of global beer company, Anheuser-Busch InBev has recently completed a number of projects, under its corporate social investment initiatives, across several communities in Osun, Ogun and Oyo states. These projects were recently delivered to the communities.

According to the company, the projects were part of the its strategic policy of impacting the communities where it operates, especially in the areas where basic amenities are either lacking or inadequate. The projects include solar-powered boreholes, an adequately equipped primary healthcare centre and a sanitary facility.

IB Plc Hero’s Foundation Kick-Start Programme awards 44 budding entrepreneurs N84.5m

International Breweries Plc (IB Plc) Hero’s Foundation Kick-start programme on Tuesday, 18th December awarded N84.5m business grants to 44 budding entrepreneurs as part of the company’s Corporate Social Initiative.

The lucky entrepreneurs who were selected from over 120 participants received the grant at an award ceremony of the third edition of Hero’s Foundation Kick-Start Programme which held at the Dolly Hills Hotel, Onitsha, Anambra State.

Trophy Lager marks Alaafin of Oyo’s 80th birthday at Three-Day beer Carnival

Trophy Lager beer, a brand from the portfolio of International Breweries Plc has ended a three-day beer festival it organized with a celebration of the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III’s 80th birthday, marked with pomp, music, fun and mouth-watering prizes.

XLR8 emerges winner of International Breweries Plc Public Relations Account

International Breweries Plc, the Nigerian subsidiary of AB InBev, the world’s largest brewer has appointed leading communications consultancy, XLR8 to manage its public relations. The appointment which is sequel to a competitive bid, will see XLR8 taking responsibility for all of the company’s corporate as well as brand-related communications.

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

International Breweries Plc (“IB Plc”) has announced the appointment of Mr. Andrew Scott Murray as a Non-Executive Director of the Company.

According to a statement from the company, Mr. Murray is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB InBev Africa operations, based in Johannesburg, South Africa. Prior to that, he was the Global Director, AB InBev M&A based in New York with exceptional track record of handling transactions and corporate disposals of different description and magnitude. He was also part of the AB InBev’s focused group on Budgeting and Business Performance Optimization.