Dangote Cement has suspended plans for a secondary listing and share offering on the London Stock Exchange, citing current market conditions and its strategic priorities.

Following a board meeting on 10 November, the Nigerian cement producer announced that it and selling shareholder Dangote Industries would not proceed with the transaction “at this time”. No revised timetable was disclosed.

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Dangote Cement said its ordinary shares would remain listed on the Nigerian Exchange and that the decision would not affect its operations or business plans. The proposed London transaction would have broadened access to international investors.