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Aliko Dangote, Africaโs richest person, has hired the engineers that built his Lagos refinery to work on the new crude processing plant in Kenya that he is set to start constructing this month.
The Dangote fertiliser IPO is planned for 2028, Aliko Dangote said in New York, as his US$1.6 billion refinery share sale runs in Nigeria. The post Dangote Fertiliser IPO Set for 2028 as Africa’s Richest Man Plans a Second Listing appeared first on The Rio Times.
Shares in Africaโs largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.
NIGERIA ยท MARKETS Key Facts —What happened Dangote Petroleum Refinery signed the offer documents for its initial public offering, or IPO — the first sale of its shares to the public — at a ceremony in Lagos on Monday. —The offer 4.1 billion shares at N525 each (about US$0.40), aiming to raise N2.15 trillion (about […] The post Dangote Refinery Signs IPO Papers, Unveils US$14.3 Billion Plan to Double Capacity appeared first on The Rio Times.
Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeriaโs biggest initial public offering, selling shares in the company that operates the continentโs largest oil refinery.