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Who is the breadwinner in your family and does it matter?

Guinness Nigeria says parent Diageo to increase its stake

Reuters - UK Focus

LAGOS, Sept 9 (Reuters) - Guinness Nigeria said on Wednesday parent firm Diageo Plc (LSE: DGE.L - news) has declared its intention to make an offer to increase its stake in the local brewer to 70 percent from 54.3 percent through a partial tender to existing shareholders.

Guinness Nigeria said the company would continue to be listed on the Nigerian Stock Exchange.

Diageo will pay a price of not more than 175 naira per share to existing shareholders and the deal is subject to regulatory approvals, it said.

(Reporting by Oludare Mayowa; writing by Chijioke Ohuocha; editing by Jason Neely)