Dangote Cement appoints Goldman Sachs and UBS for London listing
By the AFREEQUE newsroom, based on Businessday
Dangote Cement has appointed Goldman Sachs and UBS to prepare its secondary listing on the London Stock Exchange, potentially as early as November, with a fundraising of up to $1 billion. The Nigerian cement maker, valued at more than $12 billion, has also reported strong growth in its half-year results, according to Businessday.
Dangote Cement Plc, Africa’s largest cement producer, has appointed Goldman Sachs and UBS as bookrunners to prepare its listing on the London Stock Exchange. The group is targeting a listing as early as November to attract more international capital and broaden its institutional investor base, BusinessDay reports.
Valued at more than $12 billion on the Nigerian Exchange, the subsidiary of Nigerian group Dangote is considering raising up to $1 billion through the secondary listing. The decision follows an investor roadshow and a capital markets day held in London, according to BusinessDay.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
