Indonesian company, Tolaram, which partnered Nigeria to build the Lekki Free Trade Zone and the country’s first deep sea port, has acquired Diageo’s 58.02 per cent shareholding in Guinness Nigeria Plc. According to an announcement at the Nigerian Exchange on Tuesday, Tolaram will also enter into long-term license and royalty agreements for the continued production of the Guinness products and its locally manufactured Diageo ready-to-drink and mainstream brands. Already, President Bola Ahmed Tinubu has commended the Indonesian business conglomerate, the Tolaram Group, for believing in Nigeria and having absolute faith…
Read MoreTOLARAM GROUP BUYS 58% OF GUINNESS SHARES FROM DIAGEO AS TINUBU COMMENDS COMPANY FOR REPOSING CONFIDENCE IN NIGERIA’S ECONOMY
