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Stanbic IBTC sells shares in Guinness Nigeria, as new investor enters

Stanbic IBTC Nominees Restricted, a considerable shareholder of Guinness Nigeria, has diminished its stake within the brewer, as new traders take up shares within the alcohol producer.

Ripples Nigeria gathered that Stanbic IBTC Nominees bought off 27.93 million unusual shares from its holdings inside the First Half of 2021, chopping its stake to five.44 %.

The funding firm held 147.18 million shares as of Full Yr 2020, representing 6.71 % management of Guinness Nigeria, however the complete shares at present held is right down to 119.25 million.

Throughout the identical interval, Ripples Nigeria gathered from Guinness Nigeria’s First Half financials for 2021, that Mutima Alternative Fund acquired 112,502,111 shares.

Learn additionally: Stanbic IBTC launches single sign-on function on cellular app

The corporate held no share in 2020, however now holds 5.14 % stake in Guinness Nigeria, making it one of many 4 substantial shareholders within the brewing agency which holds greater than 5 %.

There have been no modifications within the 50.18 % stake held by majority shareholder, Guinness Abroad Restricted (a subsidiary of Diageo Plc, makers of Guinness International Additional Stout, Guinness Clean, Malta Guinness, Harp Lager, Smirnoff, Orijin, Gordons).

Additionally, Atalantaf Restricted, one other subsidiary of Diageo, held on to its 7.84 % shareholding – each Guinness Abroad and Atalantaf make up the international substantial shareholders in Guinness Nigeria.

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Credit score: Theparadise.ng

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