Business, News

Stanbic IBTC Capital Advises Tolaram On The Successful Completion Of Its Mandatory Takeover Offer To The Minority Shareholders Of Guinness Nigeria PLC

Stanbic IBTC Capital, a leading investment banking and capital markets 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 (“Guinness Nigeria”), 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%

See also  Stanbic IBTC Capital Named "Best Investment Bank In Nigeria 2025" At Global Banking And Finance Awards

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.

See also  Stanbic IBTC Capital Leads Successful Registration Of RMB Nigeria Issuance SPV PLC’s N40 Billion Multi-Instrument Issuance Programme

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”.

See also  Stanbic IBTC Capital Emerges Winner In Five Categories At AIHN Annual Dinner And Awards Night

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.