Singapore's wealthy Aswani family is still buying Guinness Nigeria shares after a $343 million gain
N-Seven Nigeria, a Tolaram subsidiary, bought 550,092 more Guinness Nigeria shares on Aug. 28, lifting the Aswani family holding above 70.86%.
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N-Seven Nigeria, a Tolaram subsidiary, bought 550,092 more Guinness Nigeria shares on Aug. 28, lifting the Aswani family holding above 70.86%.
Tolaram takes ₦8.9 billion from Guinness Nigeria's dividend on a stake it bought for ₦103.7 billion and which is now worth ₦486.8 billion.
A Nigerian family in Croydon has quietly held Britain's exclusive Nigerian Guinness import licence since 1998 and built a business worth up to £8 million.
Musunga is the managing director of Kenya Breweries Limited.