deposit 5000
slot deposit 5000
slot gacor situs toto
togel online
toto 4d
situs slot toto 4ddemo slot gacorslot 88
slot gacor slot gacor
slot gacor
brenjitu
slot gacor
situs toto
situs toto
SITUS TOTO
situs toto
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot gacor
slot pulsa
hongkong lotto
slot gacor
brenjitu
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
slot 4d

Guinness share price jumps 8% amid proposed Toklaram takeover

Onwubuke Melvin
Onwubuke Melvin

Guinness Nigeria’s share price closed at N54.80 on Monday, up approximately 8.41% from its opening value of N50.55.

This follows the earlier report of the acquisition of over 50 per cent shares of Guinness Nigeria, by Tolaram, according to Nairametrics.

Ambusiness had earlier disclosed that Tolaram would buy Diageo’s 58.02% share of Guinness Nigeria and set up long-term royalties and licensing contracts for the company to continue producing the Guinness brand.

The company will also receive a license to use Diageo’s mainstream and ready-to-drink brands that are produced locally.

Upon observing the trading window, it is evident that investors are placing significant purchasing pressure on Guinness Nigeria equities. 178,098 trades with a turnover value of N9.8 million were made during the trading session.

This year, Guinness Nigeria has seen sharp reductions, much like other breweries listed on the NGX. Guinness Nigeria, whose share price began the year at N66, has experienced a decrease of 23.4% year-to-date.

These corporations’ enormous losses are connected to the dismal performance of these stocks this year.

International Breweries posted a pre-tax loss of N97.3 billion in FY 2023, and for Nigerian Breweries, the group posted a pre-tax loss of N144.7 billion in FY 2023.

These companies’ huge losses can be attributed to the Naira’s dramatic devaluation in 2023 as well as growing operating costs brought on by historically high inflation rates.

Due to the large losses these companies have disclosed, which have resulted in accumulating retained losses, stockholders may not receive dividend payments in the upcoming years.

Nigerian Breweries seeks to commence a rights offering program valued at N600 billion to pay off some of its current liabilities and trade payables.

International Breweries plans to raise capital as it nears the end of its N588 billion rights offering.

Guinness Nigeria’s circumstances are unique. Diageo International is opting to leave Guinness Nigeria, while parent companies of other breweries, like AB InBev for International Breweries Plc and Heineken NV for Nigerian Breweries Plc, are showing confidence in their subsidiaries through capital infusions via rights issues and debt-to-equity conversions.


TAGGED: ,
Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

situs totoslot thailand situs totoslot gacor situs toto slot online situs toto demo slot gacor situs slot gacorsitus 4d situs totoslot gacorslot gacorslot gacorslot gacorslot gacor
slot gacor
slot gacor situs toto
togel online
toto 4d
situs slot slot demo pgslot 88
slot gacor slot gacor
slot gacor
brenjitu
situs toto
situs toto
SITUS TOTO
toto macau 4d
TOTO 4D
SITUS TOTO 4D
SLOT GACOR
https://booking.embuni.ac.ke/live-draw-sydney-hongkong
TOTO 4D
toto togel
slot online
slot gacor
slot pulsa
hongkong lotto
slot gacor
slot gacor
slot pragmatic
situs bola
situs gacor
situs toto
situs slot gacor
situs totoslot gacordemo slot situs slot gacor
slot66
slot gacor
situs slot gacor
slot gacor
scatter hitam
scatter hitam
slot gacor scatter hitam
scatter hitam
situs slot gacor pulsa
situs baru slot gacor