The Chairman and Chief Executive Officer, Dangote Cement Plc, Aliko Dangote, says Bank of America Merrill Lynch and Standard Chartered Bank could be among the banks to organise the 2019 London public listing of Dangote Cement. Dangote, when asked by Reuters who the bankers could be for the Initial Public Offering, was quoted in part as saying, “The usual ones ― Bank of America Merrill Lynch and Standard Chartered Bank.” The PUNCH reported on February 17, 2018 that the company revived plans for a share sale in London that could raise about $1bn. The Nigerian company had approached investment bankers to discuss a potential United Kingdom listing, saying once banks were appointed, it would probably take at least five months to complete the process. Read More:
Category: Daily Market Report
