Our history

1974: Champion Breweries Plc was incorporated in July 1974
 
1976: Launch of brands and operations and name later changed to Cross River Breweries Ltd
 
1987: Akwa Ibom State Government became the sole owner and managed the brewery until September 1992
 
1992: 1st September, it was converted to a Public Limited Liability Company and name changed to Champion Breweries Plc
 
1999: SONA Group became the majority shareholder with 57% while Akwa Ibom State and the Public held 8.4% and 34.6% of the shares respectively.
 
2010: Heineken NV bought 57% worth of SONA Group shares and transferred to Consolidated Breweries Plc
 
2013: December 2013, Consolidated Breweries transferred its equity to Raysun Nigeria Limited raising its stake to 60.7%.
Others: Asset Management 12.3%; Akwa-Ibom State Government 10%; and the Public 17% respectively.
 
2014: Champion Breweries began fully independent from Consolidated Breweries Plc
 
2021: Heineken increased its stake to 85% with Akwa Ibom State Government at 10% and public shares at 5%
 
2022: Mandatory take-over offer – N2.60 for each ordinary share – current shareholder is 86.5 / 10.1 / 3.5
 
2024: February 2024, Heineken NV signed an SPA for transfer of its equity to EnjoyCorp.