The company has about 8 billion shares outstanding with Heineken as the majority shareholder.
Nigerian Breweries major shareholder, Heineken disclosed it purchased 274,542 units at an average price N35.76 per unit. If these stocks prices could go higher, it would be good news for the Nigerian stock exchange and the investors.
This may mean that a takeover may happen or this may be a sign for investors to buy Nigerian Breweries stocks. Normally, when insiders buy a lot of stock of a company the stock price usually goes higher.
Nigerian Breweries major shareholder, Heineken disclosed it purchased 274,542 units at an average price N35.76 per unit. If these stocks prices could go higher, it would be good news for the Nigerian stock exchange and the investors.
This may mean that a takeover may happen or this may be a sign for investors to buy Nigerian Breweries stocks. Normally, when insiders buy a lot of stock of a company the stock price usually goes higher.
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