Sunday, August 24, 2025
22.8 C
Lagos

Stanbic IBTC Capital Advises Tolaram on Mandatory Takeover Offer of Guinness Nigeria

Stanbic IBTC Capital, a leading investment banking and capital market solutions provider is pleased to have acted as Sole Financial Adviser to Tolaram (acting through N Seven Nigeria Limited) on its recently completed Mandatory Takeover Offer (MTO) to the minority shareholders of Guinness Nigeria Plc, undertaken to comply with regulatory requirements following its acquisition of a 58.02% stake in Guinness Nigeria last year.

The MTO was completed on 20 May 2025 and Guinness Nigeria minority shareholders successfully tendered a total of 283,099,431 shares (₦22.94 billion transaction value), thus increasing Tolaram’s shareholding in Guinness Nigeria from 58.02% to 70.85%

Stanbic IBTC provided comprehensive end-to-end support across both transactions, delivering a full suite of investment banking and capital markets solutions to facilitate the successful completion of this complex corporate action.

“We thank Tolaram for the longstanding partnership and for trusting Stanbic IBTC Capital to handle this important MTO, having also advised Tolaram on its acquisition of Guinness Nigeria last year” said Oladele Sotubo, Chief Executive of Stanbic IBTC Capital.

Dinesh Rathi, Group Finance Director, Tolaram stated: “We are grateful for the end-to-end support Stanbic IBTC Capital provided Tolaram throughout the MTO process. Their on-the-ground presence and expertise was invaluable in navigating the regulatory landscape and ensuring that interested Guinness Nigeria minorities were given the opportunity to sell their shares at the same price that Tolaram acquired the Guinness Nigeria stake from Diageo Plc.

Guinness Nigeria has sufficient free float despite the MTO and Tolaram intends to continue to maintain Guinness Nigeria’s listing on Nigerian Exchange Limited”.

As the Nigerian business landscape continues to evolve, this deal marks a significant milestone for Stanbic IBTC Capital, underscoring its expertise in advising on complex transactions and delivering comprehensive financial solutions to clients.

spot_img
spot_img

Hot this week

Celebrating 24 Years of Telecom Transformation in Nigeria

By Elvis Eromosele Twenty-four years ago, Nigeria took a giant...

NIIRA Act: Continental Re ED Technical, Akwiwu, Emphasises Strong Governance in Insurance Firms

L-R: Chairman, Retreat Planning Committee, Oluwamuyiwa Aderibigbe and Executive...

AERMP Holds Mid-Year Conference, Induction 2025 in Lagos

L-R: THE REGISTRAR, JAMES HOPE UNIVERSITY, Dr. UZOR ACHUGAMONU,...

Fidelity Bank Resumes International Transactions on Naira Debit Cards

Tier-one Lender, Fidelity Bank Plc, has announced the resumption...

BudgIT Faults Finance Min, Budget Office over Budget Implementation Reports

BudgIT, a prominent civic-tech organisation promoting transparency and accountability...

Topics

Africa Re Wins NAIPCO Award

Ken Aghoghovbia, Deputy Managing Director/COO, African Reinsurance Corporation (centre)...

Huawei Reports $5.7bn Profit in 2O15

China's Huawei has reported a one third jump in...

MTN Denies Improper Repatriation of $13.92bn

MTN has vigorously denied lingering allegations of improper repatriation...

Stanbic IBTC Bank Shows Determination to Support Agro-allied Economy

Stanbic IBTC Bank Plc, a member of Standard Bank...

Lufthansa Loses Europe No.1 Title to Ryanair

Irish LCC Ryanair has once again proven itself a...

Nairaxi Emerges Winner in NCC’s Young Innovators Competition

  A mobile ridesharing mobile app that enables users to request...

Nigeria Ranks 18 in 2016 ICT/Telecom Index in Africa

The Global Telecommunication Union (GTU) recently published a report...

‘Digital Economy to Surpass 10% of African GDP in 10 Years’

The impact of digital technology in the creation of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img