- Dangote Petroleum Refinery & Petrochemicals FZE owns Africa's biggest crude-processing facility in Nigeria and is offering investors in East Africa almost 20% of its initial public offering.
- The offering can raise as much as $300.4 million.
- Kenya's markets regulator approved offering global depositary receipts to eligible investors in the East African nation.
- Uganda's Capital Markets Authority authorized promoting and distributing the IPO to local investors, without providing information on the actual securities available for subscription.
Quotes
“Dangote Petroleum Refinery & Petrochemicals FZE, which owns Africa’s biggest crude-processing facility in Nigeria, is offering investors based in the continent’s east an almost 20% share its initial public offering that could raise as much as $300.4 million.”
“The markets regulator in Kenya approved offering global depositary receipts to eligible investors in the East African nation.”
“Uganda’s Capital Markets Authority authorized promoting and distributing the IPO to local investors, without providing information on the actual securities available for subscription.”