Nigeria: Dangote Cement Targets 2019 for Listing On London Stock Exchange

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Africa's biggest cement producer, Dangote Cement plans listing on London Stock Exchange in 2019.

The company's president, Aliko Dangote made this known in London on Monday during "One to One Conversation", with Lionel Barber, the editor of Financial Times at the on-going 5th annual Financial Times African Summit.

Investors, business magnates, captains of industry and African Heads of Government, including President Nana Akufo-Addo of Ghana and Ali Bongo of Gabon, attended the event.

Dangote said all hands are on deck to complete the process of listing.

Asked who the bankers could be for the IPO, Dangote said "the usual ones... Bank of America Merrill Lynch, Standard Chartered."

Dangote Cement is the most capitalised stock on the Nigerian Stock Exchange, accounting for about 25 per cent of the value. Listed on the exchange's premium board the company's market capitalisation as at October was N3.41trn, out of the entire N13trn value of the NSE.

The company which began operation in 2007 has operations in Obajana, Ibese and Gboko. (NAN)


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Publish date : 2018-10-09 06:32:43
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