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Diageo Plc to Raise Stake in Guinness Nigeria Plc of up to 70%, or $200M
British Multinational Beverage Company Diageo Plc is planning to increase its majority stake in the Lagos, Nigeria-based brewer Guinness Nigeria Plc to 70 percent, which is worth $200 million. Diageo, the biggest distiller in the world and maker of Johnnie Walker, plans to offer 175 naira a share to raise its shareholdings in Guinness Nigeria to 70% from 54.3%. According to the report published at Bloomberg, that deal would cost about 41.38 billion naira, or $208 million. Guinness shares spiked 5 percent to 131.48 naira Wednesday after it announced Diageo's plans. This valued the Nigerian brewery at 198 billion naira.
“CHiPs” Movie Update: Kristen Bell joins husband Drax Shepard in the remake of the 1970s crime series
Kristen Bell joins the remake of the 1970s crime series "CHiPs." The actress will be joining real-life husband Dax Shepard in the said film.
Federal Reserve Leaves the Interest Rate Unchaged Causing Panic Among Investors
Federal Reserve's announcement to leave the interest rates unchanged sparks a global concern regarding the future outlook of global economic. The Wall Street particularly reacts negatively towards the news as most stocks are trading at a lower price forcing the index to close lower.
Arianna Grande proudly debuts natural curly hair on Instagram; Singer admits suffering severe hair damage for years
Ariana Grande is as confident as ever with her natural hair back. The 22-year-old pop princess recently debuted her new hair do on instagram, proving her natural look is much better than her trademark high ponytail. After admitting that she had suffered from years of hair damage due to hair dye, the beautiful singer is finally happy to have her natural locks back.




