The Federal Competition and Consumer Protection Commission (FCCPC) has approved the acquisition of Chivita|Hollandia (CHI Ltd.) by UAC of Nigeria Plc.
UAC confirmed the development on Saturday in a corporate disclosure to the Nigerian Exchange Ltd., stating that the transaction was completed following FCCPC’s regulatory approval.
The approval follows the July 30, 2025, announcement by UAC and CHI Ltd. that both parties had reached an agreement for the sale of the food and beverage firm.
CHI Ltd., known for its Chivita and Hollandia brands, is a major player in Nigeria’s food and drinks industry.
Managing Director of CHI Ltd., Mr Eelco Weber, expressed satisfaction with the approval, saying the company looked forward to a seamless transition.
“We are pleased to have received regulatory approval for this transaction. We look forward to a smooth transition under UAC’s ownership,” Weber said.
Group Managing Director of UAC, Mr Fola Aiyesimoju, described the acquisition as an exciting step consistent with the company’s growth strategy.
“We are delighted to officially welcome the Chivita|Hollandia team and brands into the UAC family, Together, we will build on their strong legacy and market leadership,” Aiyesimoju said.
