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News Femi Otedola acquires US$6.73m-worth stake in Dangote Cement

Femi Otedola acquires US$6.73m-worth stake in Dangote Cement

Written by Global Cement staff 23 January 2024
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Nigeria: Investor Femi Otedola has reported making a ‘significant acquisition’ of shares in Dangote Cement. The Premium Times newspaper has reported the value of the newly acquired shares as US$6.73m.

Femi Otedola said “Dangote Cement's unique position with two export terminals offers a substantial opportunity to earn foreign exchange, crucial for Nigeria's economy. This, along with the company's pan-African presence, makes it an ideal investment choice."

Last modified on 24 January 2024
Published in Global Cement News
Tagged under
  • Nigeria
  • Femi Otedola
  • Dangote Cement
  • Shares
  • Deal
  • Investment
  • investor
  • market
  • currency
  • Export
  • GCW643
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