Dangote Refinery Lists on Lagos Stock Exchange
Africa's richest man, Aliko Dangote, listed his Lagos oil refinery on the stock exchange Monday, billed as the continent's largest.
The Dangote refinery, considered the largest in Africa, went public on Monday in Lagos, Nigeria, according to information reported by FRANCE 24.
The operation was led by Aliko Dangote, a Nigerian businessman described as the richest in Africa, who owns the company.
According to FRANCE 24, the company is targeting up to 10 million African shareholders as part of this IPO.
The group also aims to double its production capacity by 2028, with the aim of becoming the world leader in the sector, according to the same source.
Aliko Dangote estimated that this operation would be the largest IPO in African history, reports France 24.
Sources
- Dangote, la plus grande raffinerie d'Afrique, entre en Bourse au Nigeria — France 24 — Français
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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