This is an old dream caressed in recent years, the Nigerian billionaire Aliko Dangote: see his cement company listed on the London Stock Exchange, the London Stock Exchange.
Speaking this week at the fifth edition of the FT Africa Summit, the businessman said his company Dangote Cement was finalizing the preparations to this effect. Adding that the IPO will take place after the elections scheduled in February 2019 in his country.
Among the financial institutions that accompany the operation, Aliko Dangote quotes Merrill Lynch, an American investment bank, and the British Standard Chartered. “We have the ambition to create a world class company, that’s why we want to go to London. It’s not just about raising money, “he explained in 2015.
Already listed on the Nigerian Stock Exchange (Lagos), Dangote Cement announced, for the year 2017, a turnover up 30%, despite a decrease in cement volumes sold (-7%) .
