Singaporean firm, Tolaram acquires majority shares in Guinness Nigeria

Guinness Nigeria has announced Tolaram, a Singaporean firm as its new owners after signing an agreement to acquire United Kingdom enterprise, Diegeo’s 58.02 per cent shareholding in the company.

Abidemi Ademola, the company’s secretary and legal director, disclosed this in a notice to the Nigerian Xchange (NGX) on Tuesday.

The transaction is expected to be completed during Fiscal Year 2025, and is subject to obtaining the requisite regulatory approvals in Nigeria.