Dangote Prefers London Over Dubai for Listing of Cement Unit
Bloomberg 2026-07-24 04:50:14
Context: Dangote Cement Plc, a major cement business, is considering listing its cement unit on a stock exchange, with London emerging as the preferred location over Dubai. According to Mariya Dangote, a board member of the company, the decision to list in London is driven by the expectation of quicker share sales on the UK exchange. This development highlights the company's strategic plans for its cement business.
Key Facts
- Dangote Cement Plc prefers to list its cement business on the London stock exchange because it anticipates that shares will sell more quickly there compared to the Dubai exchange, as stated by Mariya Dangote, a board member of the company.
- The company's consideration of London over Dubai for the listing of its cement unit suggests that Dangote Cement Plc values the liquidity and investor appetite of the UK market.
- Mariya Dangote, as a board member, provided insight into the company's listing preference, indicating that the speed of share sales is a critical factor in the decision-making process for the cement business.