Dangote said to seek US$50 bil IPO valuation for refinery arm — Bloomberg

Vinicy Chan, Emele Onu, Loni Prinsloo & Anthony Osae-Brown / Bloomberg05-11 12:22

His group has separately been planning to add a London listing for its building products unit, Lagos-listed Dangote Cement Plc. (May 11): Aliko Dangote, Africa’s richest person, is targeting a ...

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","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPCX":"SPAC and New Issue ETF","IPO":"Renaissance IPO ETF","IPOS":"Renaissance International IPO ETF"},"translate_title":"据称丹格特将为炼油部门寻求500亿美元的IPO估值-彭博社","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IPO":1,"SPCX":1.5,"IPOS":1.5},"content_text":"His group has separately been planning to add a London listing for its building products unit, Lagos-listed Dangote Cement Plc. (May 11): Aliko Dangote, Africa’s richest person, is targeting a valuation of as much as US$50 billion in a planned listing of his refinery business this year, as higher oil prices boost its prospects, people with knowledge of the matter said. \n\nDangote Petroleum Refinery & Petrochemicals FZE could sell as much as a 10% stake through the Nigeria listing, implying an offering size of up to US$5 billion, the people said. 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