International Breweries Plc (NGSE:INTBREW) agreed to acquire Intafact Beverages Limited and Pabod Breweries Limited on June 6, 2017. The three companies will merge post the completion of the transaction. The consideration to shareholders of Intafact and Pabod will be ordinary shares of International Breweries. The deal is subject to approval of the Federal High Court, Nigerian Stock Exchange and the Securities and Exchange Commission. The transaction is subject to approval of shareholders of International Breweries, Pabod and Intafact. As of August 30, 2017, Nigerian Stock Exchange and the Securities and Exchange Commission approved the acquisition. The shareholders of International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited have approved the merger of the three companies on October 18, 2017 and October 19, 2017. Odujinrin & Adefulu acted as legal advisor to International Breweries. Stanbic IBTC Capital Limited acted as financial advisor and Udo Udoma & Belo-Osagie acted as legal advisor to Intafact and Pabod.