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    N Seven Offers N81.60/s to Buy Minority Stake in Guinness Nigeria

    Julius AlagbeBy No Comments2 Mins Read
    N Seven Offers N81.60/s to Buy Minority Stake in Guinness Nigeria

    N Seven Offers N81.60/s to Buy Minority Stake in Guinness Nigeria

    N Seven, the new single largest shareholder of Guinness Nigeria Plc, has offered to take out minority interest at N81.60.  The move followed its successful acquisition of a 58.02% controlling stake in Guinness Nigeria Plc.

    In a regulatory filing, N Seven seeks a mandatory takeover offer to acquire additional shares from minority shareholders at ₦81.60 per share.

    The step was taken after it purchased 1,270,943,368 ordinary shares from Atalantaf Limited and Guinness Overseas Limited, cementing its majority ownership in the company. The offer will cover 481,362,887 shares from existing shareholders at the same price, offering them an opportunity to sell their holdings.

    According to the terms of the offer, shareholders can opt to tender all or part of their shares by submitting an Acceptance Form during the offer window, which runs from 8:00 a.m. on Friday, 14 March 2025, to 5:00 p.m. on Friday, 4 April 2025.

    However, the acceptance period may be extended subject to regulatory approvals. The move is expected to consolidate N Seven’s control over Guinness Nigeria, potentially influencing the company’s future strategy, governance, and operations. #N Seven Offers N81.60/s to Buy Minority Stakes in Guinness Nigeria North Korea Behind $1.5bn Cryptocurrency Heist, Says FBI

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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