Clifford Chance advises Tolaram on the strategic expansion of its consumer goods business into Guinness Nigeria

12 June 2024

Valerie Kong, , Olamide Oladosu, Mayowa Kalesanwo, David Ho, David Olds, Zayed Al Jamil, Jamie Andrew, Lourenço Limão Oliveira, Claudia Hall, , Karim Vellani
London, Hong Kong, Singapore

Clifford Chance advises Tolaram on the strategic expansion of its consumer goods business into Guinness Nigeria

Global law firm Clifford Chance has advised Singapore headquartered Tolaram on its proposed acquisition of Diageo's shareholding in Guinness Nigeria, a company listed on the Nigerian Stock Exchange, which produces and distributes Guinness in Nigeria. Tolaram and Diageo will also enter into long-term commercial agreements for the continued growth and development of the brand.

Valerie Kong, Partner and Global Co-Head of Consumer Goods sector and André Duminy, Partner and Head of London Tech/Digital Practice said: "We are delighted to have supported Tolaram on this strategically important transaction, demonstrating the global cross-practice expertise of our consumer goods sector group. This partnership not only marks a significant milestone for Tolaram but also highlights our commitment to facilitating complex, cross-border transactions in dynamic sectors and markets."

Olamide Oladosu, Partner and Co-Head of West Africa Anglophone Practice said: "This transaction showcases the firm's market-leading Africa practice. Our role reflects Clifford Chance's strong capabilities in the region and our dedication to supporting clients through our extensive knowledge and experience across Africa. We are delighted that our key clients turn to us to help them achieve their strategic objectives in the region."

Valerie, André and Olamide were supported by a cross border team including Senior Associates Mayowa Kalesanwo and David Ho, and Counsel David Olds.