UAC of Nigeria PLC (UAC) has announced the completion of the acquisition of Chivita|Hollandia (CHI Limited), following approval from the Federal Competition and Consumer Protection Commission (FCCPC).
A filing on the Nigeria Exchange Group (NGX) on Friday, UAC said the acquisition is expected to strengthen UAC’s position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint into the growing juice and dairy markets.
First disclosed on July 30, 2025, the transaction involved the transfer of ownership of CHI Limited to UAC.
Commenting on the development, Eelco Weber, Managing Director of CHI Limited, expressed optimism about the company’s future under UAC’s ownership.