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News Dangote completes second tranche of buyback

Dangote completes second tranche of buyback

Written by Global Cement staff 28 January 2022
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Nigeria: Dangote Cement announced on 26 January 2022 that it bought 126.75 million of its own shares in the week to 21 January 2022, the second tranche of a buyback programme set to return cash to shareholders. The producer, majority-owned by Africa's richest man Aliko Dangote, aims to buy back up to 10% of its US$41m share capital in tranches. The company now has 16.87 billion shares outstanding.

Last modified on 02 February 2022
Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • corporate
  • Shares
  • GCW542

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