Dangote cement targets 2019 for listing on london stock exchange

A great piece of news!

According to reports, Dangote Cement, the largest cement producer in Africa, is planning to list its shares on the London Stock Exchange (LSE) in 2019. This move is expected to raise around $1 billion to $2 billion, which will be used to reduce the company's debt and fund its expansion plans.

Dangote Cement, which is owned by Nigerian billionaire Aliko Dangote, has been expanding rapidly across Africa and has operations in 10 countries, including Nigeria, Ghana, South Africa, and Ethiopia. The company has a production capacity of over 45 million metric tons of cement per annum and has a market share of over 60% in Nigeria.

The listing on the LSE is expected to be a dual listing, with the company's shares also being traded on the Nigerian Stock Exchange (NSE). This will provide investors with greater liquidity and flexibility in trading the company's shares.

The listing is also expected to boost the company's profile and attract more international investors, which will help to further drive its growth and expansion plans.

It's worth noting that Dangote Cement has been expanding its operations in recent years, and has made significant investments in new plants and equipment to increase its production capacity. The company has also been diversifying its product offerings, including the production of specialized cement products such as slag cement and white cement.

Overall, the listing on the LSE is a significant milestone for Dangote Cement, and is expected to have a positive impact on the company's growth and development in the years to come.