Dangote Petroleum Refinery Set For IPO Following SEC Approval

Dangote Gets Regulator’s Approval for $1.6 Billion IPO

Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeria’s biggest initial public offering, selling shares in the company that operates Africa’s largest oil refinery.

SEC approves Dangote refinery IPO at ₦525 per share - Lagos Television

The Securities and Exchange Commission (SEC) has approved the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at ₦525 per share. The offer is expected to raise approximately ₦2.15 trillion if fully subscribed. The SEC has also registered the refinery’s existing 120.13 billion ordinary...

SEC approves Dangote refinery IPO at N525 per share

Nigeria's Securities and Exchange Commission has approved the Dangote refinery's initial public offering at 525 naira a share, and the sale of 4.1 billion ordinary shares could raise about 2.15 trillion naira, roughly $1.55 billion.The approval came in a letter to Vetiva Advisory Services, the lead issuing house, signed by Abdulkadir Abbas, director of the commission's securities and investment services department. The regulator also registered …

Dangote Petroleum Refinery Set For IPO Following SEC Approval

… Proposed 4.1bn Shares, to Raise N2.15trn  The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed in a letter to the Lead Issuing House, Vetiva Advisory Services Limited, and signed by the Director of the …

Dangote Petroleum Refinery set to offer 4.1 billion shares at N525 each in landmark IPO following SEC approval

WorldStage– The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed in a letter to the Lead Issuing House, Vetiva Advisory […]