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Dangote's $39B Refinery Is Going Public — Here's How Africans Can Invest
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Dangote's $39B Refinery Is Going Public — Here's How Africans Can Invest
Africa’s richest man, Aliko Dangote, is making history with plans for a landmark public offering of his oil refinery. The company is exploring a pan-African structure that could allow investors from across the continent to participate in one of the continent’s biggest listings. At a valuation of roughly $39 billion, it has the potential to be the largest initial public offering in African history. The company plans to sell a 5 – 10% stake, pote…
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