There is a rumour that Guinness Nigeria Plc is pulling out of the Nigerian market after British multinational alcoholic beverage corporation Diageo sold its majority stake have been refuted.
The firm said in a statement that it “wishes to correct the recent speculations and false/malicious misinformation alleging a plan to exit from the Nigerian market.”
The company started operating in Nigeria in 1950. Recall that last week, Guinness Nigeria and the Singapore-based Tolaram Group struck an agreement for Guinness Nigeria to purchase a 58% share; nevertheless, Diageo will continue to be the owner of the Guinness brand, which it would eventually licence.
“They are ready for a new chapter of growth and innovation, and it is firmly dedicated to its activities in Nigeria, despite rumours being spread on numerous media platforms.
“Our significant investments in employment, infrastructure, and backward integration, as well as our community development and social responsibility programmes, demonstrate our steadfast commitment to Nigeria.
Guinness
“The company is still dedicated to Nigeria and has no plans to leave the thriving Nigerian market, as demonstrated by the recent announcement of the cooperation between Diageo and Tolaram Group. Our company will keep growing, and this new relationship won’t have a negative impact on any factories or jobs.
