Diageo to sell stake in Guinness Nigeria to Tolaram

Foreign majority shareholder in Guinness Nigeria Plc, Diageo, on Tuesday agreed to sell its controlling equity stake of 58.02 per cent to Singaporean multinational, Tolaram, a regulatory filing at the Nigerian Exchange (NGX) has said. The transaction is expected to be completed in 2025 subject to obtaining the requisite regulatory approvals in Nigeria. Tolaram, according […]

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