Slaughter and May is advising Diageo on the sale of its shareholding in Guinness Nigeria and entry into a long-term partnership with Tolaram

Slaughter and May is advising Diageo plc on the sale of its 58.02% shareholding in Guinness Nigeria plc, a company listed on the Nigerian Stock Exchange, to Tolaram and its entry into new long-term licence and royalty agreements with Guinness Nigeria.

As announced on 11 June 2024, Diageo is creating a new model for Guinness in Nigeria and its locally manufactured ready-to-drink and mainstream spirits products in the country partnering with Tolaram, the specialist manufacturing, marketing and distribution conglomerate, under new, long-term licence and royalty agreements.

Slaughter and May is working as part of an integrated team with Diageo’s in-house legal team, including Anthony Smith (Global Counsel – Europe & Africa) and Siena Colegrave (Legal Counsel – M&A), and Aluko & Oyebode in Nigeria.  

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