Dangote puts off its London listing

01 November 2020 - 05:00 By AGENCY REPORTER

Aliko Dangote, Africa's richest person, has again delayed plans to sell shares in his cement manufacturer on the London Stock Exchange, opting instead to focus on increasing exports and boosting the Nigerian company's foreign exchange reserves.

Dangote Cement, the continent's biggest producer of the building material, is not expected to attempt a UK initial public offering until at least 2023, said Temilade Aduroja, head of investor relations at the Lagos-based company...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.