Heineken wins regulatory approval to merge Nigerian Breweries & Consolidated Breweries

Nigerian Breweries (NB) said on Monday it won regulatory approval to merge its operations with rival Consolidated Breweries, majority owned by its parent firm Heineken.

Heineken, the majority shareholder in Nigerian Breweries, acquired a controlling stake in Consolidated Breweries in 2005 and said it would seek approvals to merge both businesses to take advantage of Nigeria's growing market for beer and malt drinks.

Read more: Nigerian Breweries wins approval to merge with rival firm | Reuters.