SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

Dangote refinery unit IPO planned at 525 naira per share

Dangote Group is planning to price its refinery unit IPO at 525 naira ($0.40) per share, potentially raising about $1.5 billion,

By Chijioke OhuochaNigeria's Dangote Group is planning to price the initial public offering of its refinery unit at 525 naira ($0.40) per share, potentially raising about $1.5 billion, two people with direct knowledge of the deal told Reuters on Friday.The company is planning to sell 4.1 billion sh…