Stanbic IBTC Capital, a number one funding banking and capital markets options supplier, is happy to have acted as Sole {Financial} Adviser to Tolaram (performing by way of N Seven Nigeria Restricted) on its lately accomplished Necessary Takeover Supply (“MTO”) to the minority shareholders of Guinness Nigeria PLC (“Guinness Nigeria”), undertaken to adjust to regulatory necessities following its acquisition of a 58.02% stake in Guinness Nigeria final yr.
The MTO was accomplished on 20 Might 2025 and Guinness Nigeria minority shareholders efficiently tendered a complete of 283,099,431 shares (₦22.94 billion transaction worth), thus growing Tolaram’s shareholding in Guinness Nigeria from 58.02% to 70.85%
Stanbic IBTC supplied complete end-to-end assist throughout each transactions, delivering a full suite of funding banking and capital markets options to facilitate the profitable completion of this complicated company motion.
“We thank Tolaram for the longstanding partnership and for trusting Stanbic IBTC Capital to deal with this vital MTO, having additionally suggested Tolaram on its acquisition of Guinness Nigeria final yr” mentioned Oladele Sotubo, Chief Govt of Stanbic IBTC Capital.
Dinesh Rathi, Group Finance Director, Tolaram said, “We’re grateful for the end-to-end assist Stanbic IBTC Capital supplied Tolaram all through the MTO course of. Their on-the-ground presence and experience was invaluable in navigating the regulatory panorama and making certain that Guinness Nigeria minorities got the chance to promote their shares on the similar worth that Tolaram acquired the Guinness Nigeria stake from Diageo plc. Guinness Nigeria has ample free float regardless of the MTO and Tolaram intends to proceed to preserve Guinness Nigeria’s itemizing on Nigerian Alternate Restricted”.
Because the Nigerian enterprise panorama continues to evolve, this deal marks a major milestone for Stanbic IBTC Capital, underscoring its experience in advising on complicated transactions and delivering complete {financial} options to purchasers.
