Dangote Cement Plc has put its proposed listing on the London Stock Exchange on maintain, citing present market circumstances and the corporate’s strategic priorities.
The firm disclosed this in a regulatory submitting signed by Edward Imoedemhe, the corporate secretary, following a gathering of its board of administrators on Tuesday.
In May, Dangote Cement introduced it was in early talks over a possible London listing, a transfer that may assist widen its entry to abroad traders and capital.
The firm later, in July, defined that the quicker and extra sensible listing course of within the United Kingdom influenced its desire for London over Dubai for the secondary listing.
On Tuesday, the cement producer mentioned it won’t proceed with the secondary listing, noting that its shares stay listed on the Nigerian Exchange Group, and that the choice won’t have an effect on the corporate’s operations.
“The Company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the Company’s operations or business plans,” Dangote Cement added.
READ ALSO: Dangote Cement’s nine-month profit jumps 31% as revenue hits N3.8 trillion
The firm mentioned it would stay centered on delivering sustainable worth to its shareholders and constructing on its robust market place.
Dangote Cement is majority-owned by Africa’s richest man, Aliko Dangote, who launched the continent’s largest-ever preliminary public providing in September for his oil refinery.
Dangote Cement, with a manufacturing capability of 55 million tonnes each year, has a footprint in 11 African nations, together with Cameroon, Ethiopia, Zambia, Tanzania, and Côte d’Ivoire, amongst others.
The company’s nine-month revenue in 2026 jumped 31 per cent, whereas its income hit N3.8 trillion, boosted by improved income from cement and clinker gross sales.
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