Aliko Dangote’s Refinery IPO Expected to Raise About $1.5 Billion

Nigerian industrialist Aliko Dangote launched an initial public offering for his refinery, offering 4.1 billion new ordinary shares. The offering was expected to raise approximately 2.15 trillion Nigerian naira, or about $1.5 billion, and broaden investor participation in the business.

• aliko dangote
• refinery
• ipo
• africa