Dangote launches Africa’s biggest refinery IPO, targeting retail investors
Nigerian billionaire Aliko Dangote has launched the initial public offering (IPO) of the Dangote Petroleum Refinery, marking what is expected to be Africa’s largest-ever share sale. The offer seeks to raise as much as $2.1 billion to support the refinery’s expansion plans and broaden public ownership of the facility. Dangote described the sale as a “people’s IPO,” saying it is…
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