Founder and majority owner, Dangote Group
Appears in 1 story
Holds 92.3% of the refinery; stake worth about $42 billion at offer price
Nigeria's Securities and Exchange Commission approved the initial public offering of the Dangote Petroleum Refinery on Friday, clearing the way for what is expected to be Africa's largest share sale. The company will offer 4.1 billion shares at 525 naira each, about 2.15 trillion naira ($1.6 billion) if fully subscribed.
Updated 2 hours ago
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