In a major shift, Tolaram Group is set to acquire Diageo's 58.02% shareholding in Guinness Nigeria Plc, marking the exit of Guinness Nigeria under Diageo's ownership. The deal includes long-term licensing and royalty agreements for the production of Guinness and other Diageo brands. Expected to finalize in Fiscal 2025, this move aims to leverage Tolaram's manufacturing and distribution expertise alongside Diageo's brand-building strengths, ensuring continued growth and innovation in Nigeria.
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