Diageo to sell majority stake in Guinness Nigeria
The foreign majority shareholder in Guinness Nigeria Plc, Diageo, has agreed to sell its 58.02% controlling stake to Tolaram, a multinational company based in Singapore. The agreement was signed on Tuesday. Under the terms of the deal, Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria and enter into long-term license and royalty agreements to […]