N Seven acquires 550,092 Guinness Nigeria shares
N Seven Nigeria Limited has significantly increased its stake in Guinness Nigeria, acquiring over 550,000 shares. This move follows Diageo’s sale to Tolara Read More: https://punchng.com/n-seven-acquires-550092-guinness-nigeria-shares/
N Seven Nigeria Limited, a major investor in Guinness Nigeria Plc, has increased its shareholding in the brewing company through the acquisition of 550,092 ordinary shares. The open-market transactions took place on the Nigerian Exchange Limited, with share prices fluctuating between N356.40 and N384.80 per share. The total deal, executed across multiple price tranches, resulted in an average price of N367.40 per share.
N Seven's strategic move emphasizes the confidence of key insiders in the brewing company's recovery and market position. The acquisition follows the 2024 corporate restructuring when Diageo Plc sold its controlling stake in Guinness Nigeria to Tolaram Group.
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- N Seven acquires 550,092 Guinness Nigeria shares punchng.com
