Dangote Plans London Listing for $12 Billion Cement Firm This Year

Dangote Cement plans London Stock Exchange listing

Africa’s richest man Aliko Dangote plans to list shares of his cement subsidiary in London, taking advantage of revised requirements by UK regulators who are pursuing more initial public offers by African companies, the Financial Times reported. About 10% per cent of the cement company’s shares would be sold in the process, Dangote told the outlet.Dangote Cement is Africa’s largest cement producer. More than half of its output comes from plants …

Dangote Plans London Listing for $12 Billion Cement Firm This Year

Aliko Dangote, Africa’s richest person, plans to go ahead with a secondary listing of his cement plant in London this year, a senior executive of the Dangote Industries Ltd. said.

Dangote Cement to Sell 10% Stake in Planned London Exchange Listing

By Adedapo Adesanya Nigerian businessman, Mr Aliko Dangote, is planning a London listing of his cement subsidiary this year, sixteen years after listing on the Nigerian Exchange (NGX) Limited. The secondary listing move for Dangote Cement Plc would provide the company with the much-needed boost for the United Kingdom market, Mr Dangote told the Financial […]

Aliko Dangote plans London listing of $13bn Dangote Cement

Africa's richest man told the Financial Times he is preparing a secondary listing of Dangote Cement on the London Stock Exchange this year, with about 10% of the shares going to outside investors and a target window around September. The company carries a market capitalization of close to $13 billion on the Lagos exchange.Dangote framed the decision as a long-mulled call that finally lined up with reform. "We want to do a dual listing. We've bee…

Dangote Cement Set for $13 Billion London Stock Market Listing in 2026

Africa’s richest man, Aliko Dangote, plans to list Dangote Cement Plc on the London Stock Exchange before the end of 2026. The move targets a dual listing for a company worth nearly $13 billion and could rank among the most significant African corporate listings in years. Dangote disclosed the plan in an interview with the … The post Dangote Cement Set for $13 Billion London Stock Market Listing in 2026  appeared first on Business Elites Africa.