Business
Dangote Cement Suspends Planned London Listing and $1 Billion Share Sale
BirrMetrics · 14 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Dangote Cement has suspended its planned secondary listing and $1 billion share sale on the London Stock Exchange, citing market volatility and strategic priorities.
- Dangote Cement Plc suspended its planned secondary listing and share offering on the London Stock Exchange.
- The decision was made during a Board of Directors meeting on Tuesday, November 10, 2026.
- The suspension was a joint decision by Dangote Cement and its selling shareholder, Dangote Industries Limited.
- The company cited market volatility and strategic priorities as the reasons for the suspension.
- The planned offering aimed to raise approximately 1 billion US dollars through a secondary share sale.
- Goldman Sachs and UBS had been added as bookrunners in October 2026 to prepare for a listing as early as November.
- Dangote Cement's ordinary shares remain listed on the Nigerian Exchange Limited.
- The company stated that the suspension does not affect its operations or business plans.
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