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Dangote Cement Eyes $1B London Listing
15 Oct
Summary
- Dangote Cement Plc is preparing a London listing.
- The company aims to raise approximately $1 billion.
- Goldman Sachs and UBS are bookrunners for the listing.
Dangote Cement Plc is making preparations for a secondary share sale on the London Stock Exchange, with the listing potentially occurring as early as November. This strategic move aims to raise approximately $1 billion for the company.
To facilitate this significant financial undertaking, Dangote Cement has appointed Goldman Sachs Group Inc. and UBS Group AG to act as bookrunners. These financial institutions will play a crucial role in managing the offering and attracting investors for the London listing.
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