UAC of Nigeria PLC (UAC) has announced the completion of its acquisition of Chivita|Hollandia (CHI Limited), following regulatory approval from the Federal Competition and Consumer Protection Commission (FCCPC).
In a statement filed with the Nigerian Exchange Group (NGX) on Friday, UAC said the deal is expected to strengthen its position in Nigeria’s fast-moving consumer goods (FMCG) sector, expanding its footprint in the growing juice and dairy categories.
Originally disclosed on July 30, 2025, the transaction involved the full transfer of ownership of CHI Limited to UAC.
Commenting on the milestone, Eelco Weber, Managing Director of CHI Limited, expressed confidence in the company’s future under new ownership.
“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition and to seeing Chivita|Hollandia thrive under UAC’s ownership,” Weber said.
Fola Aiyesimoju, Group Managing Director of UAC, described the acquisition as a significant strategic move.
“We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family. This acquisition allows us to build on their strong legacy and market leadership while advancing our growth agenda,” he stated.
According to UAC, the acquisition brings two category-leading brands into its portfolio, along with a well-established distribution network—key assets in its broader strategy to scale its FMCG operations.
For The Coca-Cola Company, the sale aligns with its global strategy to streamline operations by adopting a more asset-light model and focusing on high-volume, global brands. Coca-Cola reaffirmed its commitment to the Nigerian market, with plans to invest $1 billion over five years, subject to a stable and enabling business environment.
