Billionaires.Africa·3 min read·medium
Billionaire Dangote may list refinery in South Africa after Nigeria IPO
O
Otobong Tommy
✦AI Summary
Billionaire Aliko Dangote is planning an IPO for his $20 billion petroleum refinery in Nigeria, with potential plans for a secondary listing on the Johannesburg Stock Exchange. The project aims to democratize industrial wealth and secure regional capital market participation.
Aliko Dangote's refinery may not stop at the Nigerian Exchange. The Johannesburg Stock Exchange said it has engaged with the Nigerian billionaire's Dangote Group and that the company could list its petroleum refinery in South Africa after a Nigerian initial public offering, a JSE spokesperson said this on Wednesday.
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