DIAGEO PLANS TO RAISE ITS EQUITY IN GUINNESS NIGERIA TO 70%

Tectono Business Review gathered that the world’s biggest distiller and maker of Johnnie Walker whisky and Smirnoff vodka, Diageo Plc, has perfected plans to raise its majority stake in Guinness Nigeria Plc to 70 percent.

                      

Yes, Diageo plans to make a tender offer of 175 naira a share to raise its shareholding from 54.3 percent to 70 percent which requires payment of 41.38 billion naira ($208 million).