By Segun Elijah
WorldStage– Dangote Cement Plc, Africa’s biggest cement producer, began the move on May 13 to list on London Stock Exchange, seeking a dual-listing status.
A statement the company published following an emergency meeting said the cement giant will list under the international commercial company secondary listing framework.
“The proposed listing on the LSE, if pursued, is intended to broaden the shareholder base, and further strengthen its position as a leading pan-African enterprise,” the statement signed by Edward Imoedemhe, company secretary, added.
The company, however, warned the investing public about the timing.
“There is no certainty that the proposed listing will be completed or, if completed, as to the terms or timing Thereof.”
Dangote Cement dominates the industry with its control of over 60 percent of the market I Nigeria. Its market value stands at N13 trillion.
