Dangote opens door to larger refinery stake sale as expansion plans advance
Aliko Dangote considers additional Dangote Refinery share sale as US$14.3bn expansion advances Nigerian billionaire Aliko Dangote has indicated that he could sell additional shares in Dangote Petroleum Refinery and Petrochemicals as the company seeks to raise capital for a major expansion of the Lagos-based facility. The comments came as the refinery launched its initial public offering (IPO), which is seeking to raise about US$1.6 billion through the sale of 4.1 billion shares. The IPO opened
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