Displaying items by tag: London Stock Exchange

UK/Nigeria: Aliko Dangote, the owner of Dangote Cement, has reiterated his intention to list the company on the London Stock Exchange (LSE), following a meeting with the UK Prime Minister Theresa May in Lagos. May was in the country as part of a multi-stop trade tour of African nations ahead of the UK’s departure from the European Union in March 2019. Dangote Cement is worth an estimated US$7bn.

During the visit May said, “Already the finance and business links between Lagos and London are bringing enormous benefits to businesses and people in the UK and in Nigeria. London is a world-leading financial centre and, as the UK leaves the European Union, it will play an even greater role in financing the fastest-growing economies across Africa and the world.”

UK: RHI Magnesita has started trading on the London Stock Exchange (LSE). It has been admitted to trading in the premium segment of the main market on the LSE. The start of trading on the exchange marks the completion of the merger process between RHI and Magnesita.

“After the successful combination, RHI Magnesita is now fully dedicated to the strategic repositioning as the global leader in the refractory industry. With our 14,000 employees, we can drive positive change in our industry and aim to offer our customers an even greater value proposition in the future,” said Herbert Cordt, chairman of the board of directors of RHI Magnesita,

Following the merger the new company leads the refractory industry. It holds 35 raw material and production plants and more than 70 sales offices around the world and its product portfolio comprises more than 120,000 individual refractory products. It also operates two main research and development centres in Leoben, Austria and Contagem, Brazil.

As part of the merger process the company has also unveiled a new brand and logo to represent its global presence, its innovation and its company mind-set. The new logo and the visual system based on it consist of a horizontal eight, the symbol of infinity, and the shapes of refractory bricks.