Beta Glass Plc has announced that its major shareholder, Frigoglass Group, has signed an agreement to sell its stake in the company to Helios Investment Partners, an Africa-focused private equity firm.

The development was disclosed in a filing published on the Nigerian Exchange on December 9, 2025, detailing the divestment.

According to the filing, Frigoglass Group is selling its entire stake in Frigoinvest Nigeria Holdings B.V. for up to €100 million after three years spent repositioning and strengthening its glass operations in West Africa.

Frigoinvest Nigeria Holdings includes Beta Glass and Frigoglass Industries Nigeria Limited, covering the group’s glass container, plastic crate, and metal crown manufacturing businesses.

Beta Glass noted that the transaction is still subject to regulatory approvals and is expected to be completed by the first quarter of 2026.

The company added that it will work with the Group to support customers, suppliers, and partners during the transition, while also helping Helios Investment Partners navigate the necessary local approvals.