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Home Economy And Business

BREAKING: Guinness Share Price Surges Massively Amid Tolaram Takeover

Diageo’s locally manufactured ready-to-drink and mainstream spirits brands will also be licensed to the company. 

by NewsOnline Nigeria
June 11, 2024
in Economy And Business, Headline
0
Guinness Nigeria

Guinness Nigeria

Guinness Share Price has surged massively amid the Tolaram takeover announcement.

 

NewsOnline Nigeria reports that Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024.

 

The gain is coming on the heels of an announced takeover of Guinness Nigeria by Tolaram. 

 

ALSO: Diageo Agrees To Sell Guinness Nigeria To Tolaram

 

Earlier today, it was announced that Tolaram will acquire Diageo’s 58.02% stake in Guinness Nigeria and establish long-term licensing and royalty agreements for the ongoing production of the Guinness brand.

 

Diageo’s locally manufactured ready-to-drink and mainstream spirits brands will also be licensed to the company. 

 

An observation of the trading window displays immense buying pressure by investors on Guinness Nigeria stocks.  

 

More to come…

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