Dangote Cement lists 100m shares next Tuesday, Nigeria

Dangote Cement lists 100m shares next Tuesday, Nigeria
Published: 18 October 2010

A total of 100 million shares of Dangote Cement Plc will be listed by introduction, on a special offer, on the Nigerian Stock Exchange, NSE, at N135 per share.

The listing is sequel to the approval from Federal High Court Lagos sanctioning the merger between Dangote Cement Plc, DCP, and Benue Cement Company, BCC, whereby shareholders of BCC will get one of DCP share in exchange for two of BCC.

The enlarged Dangote Cement will constitute over 25 per cent of the entire market capitalization after the listing.