Dangote refinery IPO planned at 525 naira, aims ~$1.5 billion
Dangote Group plans to price its refinery unit IPO at 525 naira ($0.40) per share, potentially raising about $1.5 billion, in what sources say would be Africa’s biggest-ever share sale.
By Chijioke OhuochaNigeria's Dangote Group plans to price the initial public offering of its refinery unit at 525 naira ($0.40) per share, potentially raising about $1.5 billion in Africa's biggest-ever share sale, two sources with direct knowledge of the deal told Reuters on Friday.The listing wil…