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
spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Reinforces Capital Markets Leadership Through Dangote Refinery IPO

Stanbic IBTC Holdings Plc has reinforced its position as...

CBN Bags NES Distinguished Organisation Award for Economic Reforms

The Central Bank of Nigeria (CBN) has received the...

Leadway Assurance Backs ISSP Initiative to Deepen Insurance Penetration, Consumer Trust

Leadway Assurance, Nigeria’s leading insurance services provider and a...

RMB Nigeria Advises on BOI’s N274.18bn Domestic Bond Issuance

L-R: Head, Debts Capital Markets, RMB Nigeria, Laju Atake;...

LG Electronics Highlights Seven Home Appliances at IFA 2026

As routines and lifestyles evolve across Europe, consumers are...

Topics

NPA Approves New Structure to Drive Efficiency

The Board of the Nigerian Ports Authority (NPA) has...

NCC: Regulatory Instruments Will Tackle Insecurity, Facilitate 5G

The Executive Vice Chairman (EVC) of the Nigerian Communication...

March Headline Inflation Surges to 12.8%, 44-Month High

The National Bureau of Statistics (NBS) released the Consumer...

N300m Insurance Rebranding Project Stirs Market

The N300 million rebranding project by the insurance industry...

NCC Fine Impacts MTN Result Ending June 2016

MTN, a leading emerging markets mobile operator, connecting 233...

Group Cautions Orjiako Against Destroying Seplat

   Ahead of its Quarterly State of The Nation Review...

GSM@20: NCC Lists Next Frontiers for Industry Growth, NCC Reaps Award

As stakeholders in Nigeria commemorate 20 years of telecoms...
spot_img

Related Articles

Popular Categories

spot_imgspot_img