The Federal Competition and Consumer Protection Commission (FCCPC) has approved the sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC.
The approval officially completes one of Nigeria’s most notable consumer goods transactions in recent years.
UAC stated on Friday that the transaction marks a major milestone in its expansion strategy within the fast-moving consumer goods (FMCG) sector. The acquisition gives UAC ownership of some of Nigeria’s most popular beverage and dairy brands, including Chivita juice and Hollandia milk.
The approval follows an earlier announcement made on July 30, 2025, when both parties confirmed that an agreement had been reached for the sale. With the regulatory process now concluded, both companies are set to begin a transition to see CHI Limited integrated into the UAC group.
The managing director of Chivita|Hollandia (CHI Limited), Eelco Weber, said the team is pleased to have secured regulatory clearance for the deal. “We look forward to a smooth transition and seeing Chivita|Hollandia thrive under UAC’s ownership,” he said.
The group managing director of UAC, Fola Aiyesimoju, described the acquisition as a strategic step for the company.
He said adding the Chivita|Hollandia brand strengthens UAC’s Nigerian consumer goods market leadership. “We are excited to officially welcome the Chivita|Hollandia team and brands into the UAC family,” Aiyesimoju said. “We look forward to building on their strong legacy and market leadership.”
The acquisition also marks a new chapter in the evolving ownership of CHI Limited. In 2016, Coca-Cola Company acquired a 40 per cent minority stake in CHI Limited, later taking full ownership in 2019.
The acquisition allows UAC to strengthen its presence across several FMCG segments, including dairy, beverages, snacks, and packaged foods.
The company plans to leverage its wide distribution network, retail partnerships, and manufacturing capacity to drive new growth.
Analysts view the deal as part of a growing trend in Nigeria’s business landscape. Local conglomerates are increasingly reclaiming ownership of consumer brands once controlled by multinational corporations. By taking over CHI Limited, UAC restores Nigerian ownership to one of the country’s most recognisable beverage brands.
