Business
DANGOTE CEMENT SHELVES LONDON STOCK EXCHANGE LISTING PLAN AS MARKET CONDITIONS TURN VOLATILE
Dangote Cement Plc has shelved its planned secondary listing and share offering on the London Stock Exchange after reviewing current market conditions and its strategic priorities. Dangote Industries Limited, which was expected to sell part of its holding in the transaction, will also not proceed with the offering at this time. The company says its shares will remain listed on the Nigerian Exchange and that its operations and existing business plans are unaffected. Reuters reports that the London plan could be reconsidered when global market conditions become more stable.
BigV•50m ago•1 min read