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Announced

Tolaram to acquire a 58% stake in Guinness Nigeria from Diageo for $70m.

Synopsis

Tolaram, a holding company with diversified business interests in consumer goods, fintech, infrastructure and industrials, agreed to acquire a 58% stake in Guinness Nigeria, a beverage manufacturing company, from Diageo, a multinational alcoholic beverage company, for $70m. “I’m excited to announce our new partnership with Tolaram. Guinness has been Nigeria’s favourite beer for nearly 75 years. Tolaram share this passion for Guinness and for Nigeria, making them the perfect partners as we continue to grow our business and seek to delight even more consumers in the country,” Debra Crew, Diageo CEO.

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