By Segun-Ogundeyi Fiyinfoluwa
LAGOS — N Seven Nigeria Limited, the Tolaram Group company that controls Guinness Nigeria Plc, has increased its stake in the brewer to 70.9 per cent, according to a disclosure to the Nigerian Exchange Limited (NGX).
The company acquired an additional 499,987 Guinness Nigeria shares at N370.90 per share, in a transaction valued at about N185.45 million.
The Company Secretary of Guinness Nigeria, Abimbola Ajibola-Jimoh, disclosed the transaction in a statement sent to the NGX, titled, “Notification of Share Dealing by Insiders.”
The latest acquisition came days after N Seven Nigeria purchased 550,092 ordinary shares in Guinness Nigeria on August 28.
