Dangote says Lagos refinery IPO attracts “enormous” investor demand
Aliko Dangote said the IPO for the Dangote Lagos refinery has drawn “enormous” investor demand, and said governments investing in the project would spread equity stake payments over four years.
By Duncan Miriri NAIROBI, Sept 29 (Reuters) — The initial public offering of shares in the Dangote Lagos refinery has attracted "enormous" investor demand, Nigerian billionaire Aliko Dangote said on Tuesday. Speaking in Kenya, where construction of a 700,000 barrel-per-day refinery for the East African market is due to be launched on Wednesday, Dangote said governments investing in the project would spread payments for their equity stakes over four years. net)