Diageo to sell majority stake in Guinness Nigeria to Tolaram
In a significant corporate shift, Diageo, the foreign majority shareholder in Guinness Nigeria Plc, has agreed to sell its controlling equity stake of 58.02 percent to Tolaram, a Singaporean multinational company. The agreement, signed on Tuesday, outlines that Tolaram will acquire Diageo’s shareholding and enter into long-term license and royalty agreements to continue producing the … Read more