Did Tolaram acquire Diageo's majority stake in Guinness Nigeria, and does the company remain NGX-listed?

confidence: highas of 31 Oct 2026

Confirmed fact · as of 31 Oct 2026

Guinness Nigeria announced via the Nigerian Exchange on 11 June 2024 that Tolaram had agreed to acquire Diageo PLC's 58.02% shareholding, with a mandatory takeover offer intended subject to regulatory approval, and that the company would remain listed on the Nigerian Exchange. Reporting indicates completion on 30 September 2024.

B Guinness Nigeria Plc (via Nigerian Exchange Ltd), Corporate action announcement — Tolaram to acquire Diageo's 58.02% shareholding (11 Jun 2024) · retrieved 31 Oct 2026 · C Nairametrics (NM Partners), Guinness Nigeria Plc announces board changes, as new era begins with Tolaram (1 Oct 2024) · retrieved 31 Oct 2026

Reasoning

The agreement and continued listing are stated in the company's own NGX corporate-action announcement (primary). Completion on 30 September 2024 rests on independent reporting and is labelled accordingly.

A claim review answers one narrow factual question from the cited sources. It is not a verdict on the company.