Dangote Targets $50bn IPO Valuation For Refinery

Must Read

 

Aliko Dangote said he is targeting a $50 billion valuation for his refinery business ahead of a planned stock market listing in Nigeria later this year.

A report by Bloomberg, quoting sources, noted that the company wants to sell up to a 10 per cent stake, potentially raising around $5 billion in one of Nigeria’s biggest capital market deals.

The 650,000-barrels-per-day refinery has…

Headlines Newsletter

Subscribe now for weekly top news headlines roundup, delivered directly to your inbox.

THANK YOU FOR SUBSCRIBING!

Something went wrong.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Latest News

Minister calls for preservation of indigenous languages

Nigeria’s Minister of Education calls for greater efforts to preserve indigenous languages, highlighting their importance in protecting national history...

More Articles Like This

Headlines Newsletter

Subscribe now for weekly top news headlines roundup, delivered directly to your inbox.

THANK YOU FOR SUBSCRIBING!

Something went wrong.