Nigeria/UK: Dangote Cement is considering listing part of its cement business in London to attract investors and strengthen its international profile. The company said that the move would expand access to global capital and support its regional expansion across Africa. CEO Aliko Dangote said that recent changes to the UK’s listing rules had influenced the decision to list the company, as it had ‘brought down minimum listing requirements,’ according to The Financial Times.
Dangote said “We want to do a dual listing. We have been thinking about it for seven to 10 years.” About 10% of the company’s shares would reportedly be sold. The company attempted to list the company on the London stock exchange back in 2018, but reportedly faced several challenges. The listing could take place around September 2026, subject to market conditions and investor demand.
Dangote Cement operates plants in more than 10 countries across Africa and has a capacity of around 55Mt/yr.