Guinness Nigeria Plc has denied rumors that it plans to leave the Nigerian market following the sale of a majority shareholding by Diageo, a British multinational alcoholic beverage company.
In a statement, the company, which began operations in Nigeria in 1950, addressed the speculation and false information suggesting a planned exit from the Nigerian market.
Last week, Guinness Nigeria struck a deal with Singapore-based Tolaram Group to acquire a 58 percent stake, while Diageo will retain ownership of the Guinness brand, licensing it to Guinness Nigeria long-term. Contrary to rumors circulating on various media platforms, Guinness Nigeria remains committed to its Nigerian operations and is entering a new phase of growth and innovation.
“Our strong commitment to Nigeria is evident through our significant investments in infrastructure, employment, backward integration, and our community development and social responsibility initiatives.
“The recent partnership announcement between Diageo and Tolaram Group further confirms that Guinness Nigeria is dedicated to the Nigerian market and has no intention of exiting. Our business will continue robustly, and no jobs or factories will be negatively impacted by this new partnership.”
