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Dangote Refinery IPO gets SEC approval in potential $1.6bn share sale

Nigeria’s Securities and Exchange Commission has approved an initial public offering for Dangote Group’s refinery business. Reuters reported on September 4 that the offer could raise about $1.63 billion through…

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Nigeria’s Securities and Exchange Commission has approved an initial public offering for Dangote Group’s refinery business. Reuters reported on September 4 that the offer could raise about $1.63 billion through 4.1 billion shares priced at ₦525 each.

Source: Reuters — Read source / reference

Editor’s note: This is a launch-content summary. LaGist TV does not reproduce the full source article. Readers should consult the original report for complete details and updates.

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