Two years ago when Tolaram Corporation announced its high-profile acquisition of a majority stake in Guinness Nigeria, industry observers...
Tolaram's Guinness Nigeria stake hit $355M valuation—a 5x jump since acquiring 58% from Diageo in June 2024. Capital influx into African premium consumer goods signals market confidence despite broader economic uncertainty.
Tolaram Corporation’s acquisition of a majority stake in Guinness Nigeria has reached a valuation of $355 million, or approximately N486.8 billion, marking a fivefold increase over the past two years.
In June 2024, the Singapore-headquartered consumer goods firm acquired Diageo's 58.02 percent
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The family behind Indomie made a $70 million bet on Guinness Nigeria when multinationals were leaving. It’s now worth over $350 million
Cum a ajuns investiția de 70 de milioane de dolari a unei companii de familie în Guinness Nigeria, când multinaționalele plecau, să valoreze acum peste 350.000.000 de dolari - HotNews.ro
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