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., which includes Beta Glass and Frigoglass Industries Nigeria Limited, for up to €100 million.
Gagik Apkarian, Founder and Managing Director of Tetrad Capital Partners and Chairman of the Frigoglass Group, described the sale as a major turning point for the company.
“This milestone is the result of nearly three years of intense work across all parts of the business, following the Group’s restructuring in 2023. Beta Glass has delivered record-breaking performance, strong margins, and remarkable growth opportunities, attracting interest from both domestic and international investors.
“We believe Helios Investment Partners, a leading Africa-focused private equity firm, will be an excellent steward of Beta Glass’ 50-year legacy of delivering outstanding products and services.” He said.
Beta Glass CEO, Alex Gendis, also welcomed the new investors, assuring stakeholders of continuity: “We are delighted to welcome Helios Investment Partners to Beta Glass. We want to reassure our customers, suppliers, partners, and colleagues that business will continue as usual throughout the transition.” He noted.
