Beta Glass Plc has introduced that its main shareholder, Frigoglass Group, has signed an settlement to promote its stake within the firm to Helios Funding Companions, an Africa-focused personal fairness agency.
The event was disclosed in a submitting printed on the Nigerian Change on December 9, 2025, detailing the divestment.
Based on the submitting, Frigoglass Group is promoting its whole stake in Frigoinvest Nigeria Holdings B.V. for as much as €100 million after three years spent repositioning and strengthening its glass operations in West Africa.
Frigoinvest Nigeria Holdings consists of Beta Glass and Frigoglass Industries Nigeria Restricted, protecting the group’s glass container, plastic crate, and metallic crown manufacturing companies.
Beta Glass famous that the transaction continues to be topic to regulatory approvals and is predicted to be accomplished by the primary quarter of 2026.
The corporate added that it’ll work with the Group to assist clients, suppliers, and companions in the course of the transition, whereas additionally serving to Helios Funding Companions navigate the mandatory native approvals.
Feedback on the deal
Gagik Apkarian, Founder and Managing Director of Tetrad Capital Companions and Chairman of the Frigoglass Group, described the sale as a serious turning level for the corporate.
Talking on the event, he stated:
“This milestone is the results of practically three years of intense work throughout all components of the enterprise, following the Group’s restructuring in 2023. Beta Glass has delivered record-breaking efficiency, robust margins, and memorable progress alternatives, attracting curiosity from each home and worldwide traders.”
He expressed confidence within the new proprietor, saying:
“We imagine Helios Funding Companions, a number one Africa-focused personal fairness agency, might be a superb steward of Beta Glass’ 50-year legacy of delivering excellent services and products.”
Beta Glass CEO, Alex Gendis, additionally welcomed the brand new traders, assuring stakeholders of continuity:
“We’re delighted to welcome Helios Funding Companions to Beta Glass. We wish to reassure our clients, suppliers, companions, and colleagues that enterprise will proceed as regular all through the transition.”
What you need to know
Frigoglass Group is a number one producer of economic coolers and high-quality glass packaging options.
- The Group serves a number of the world’s prime beverage manufacturers and operates within the high-growth glass container markets of West and Central Africa.
In April 2023, the Group accomplished a profitable recapitalization and restructuring.
- It’s now primarily owned by personal firms integrated in England and Wales, with the remaining 15% held by Frigoglass S.A.I.C., which has its personal board of administrators
Beta Glass Plc, a part of Frigoglass Group in Nigeria, is a prime maker of glass packaging for the beverage, pharmaceutical, and meals industries.
- Headquartered in Lagos, it additionally operates in 9 different African international locations, together with Ghana, Côte d’Ivoire, Sierra Leone, Liberia, Cameroon, South Africa, and Burkina Faso.
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