In its bid to tap into a $3 billion (N450.9 billion) informal market SABMiller, South Africa’s world brewing giant, had in 2009, bought Pabod Breweries, Port Harcourt, where it now owns 57 percent shares; Voltic Nigeria Limited (Voltic produces tablewater), Lagos, owning 80 percent of the company, and Standard Breweries in Ibadan.
Heineken in response bought Sona, IBBI, Benue, Life and Champion breweries earlier this year and have controlling interests in Nigerian Breweries and Consolidated Breweries......
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