Dangote Cement to list on the London Stock Exchange after 2019 elections

Dangote Cement to list on the London Stock Exchange after 2019 elections

Dangote Cement Plc, Nigeria’s largest company by market capitalization said it is looking at listing on the London Stock Exchange after the Nigerian elections.

Confirming the plan, Edwin Devakumar, group executive director at Dangote Industries Ltd., told Bloomberg that the company is:

“Working on it and we’ll look at it in 2019,” “We have grown to this extent mostly via greenfield investments. To grow much more, we’d probably have to do it via acquisitions.”

Dangote Cement Plc is owned by Africa’s richest man, Aliko Dangote. He has since expanded into major African economies despite bigger competitors such as LafargeHolcim and South Africa’s PPC.

Nigeria’s elections are slated for February 2019.