ThisDay· 1h ago· 1 min read
Cites faster share sales, less tedious rules
Fatima: Group's $100bn Vision 2030 on course
Emmanuel Addeh in Abuja
The Dangote Group has explained why it chose the London Stock Exchange ahead of Dubai for the planned international listing of Dangote Cement, saying the UK market offers faster execution, deeper liquidity and a more attractive regulatory environment for global investors.
Besides, the conglomerate has reaffirmed its ambition to become a $100 billion industrial empire by 2030.
The disclosures were made in separate interviews with Bloomberg by Mariya Dangote, a board member of Dangote Cement Plc, and Fatima Dangote, Executive Director, Oil and Gas, Dangote Group, providing fresh insight into the conglomerate's capital market strategy and long-term expansion plans.
Mariya Dangote said the company decided to pursue a secondary listing in London because investors can buy…
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