Diageo today announces that it has completed the sale of its shareholding in Guinness Nigeria PLC to Tolaram. The sale was announced on 11 June 2024.

Guinness Nigeria PLC will continue the production and nationwide distribution of Guinness and its other locally manufactured brands in Nigeria under a licence and royalty agreement reflecting Diageo’s efficient and flexible beer operating model.

This transaction is in line with Diageo’s Growth Ambition to deliver the company’s next phase of sustainable growth.