Dangote Cement Postpones London Listing

Dangote Cement has delayed its plans for a secondary listing in London, citing volatile market conditions following recent US elections. The Nigerian firm stated the decision does not impact its core business operations.

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FILE PHOTO: A man drops a bag of Dangote cement while offloading a truck in Abuja, Nigeria May 11, 2021. REUTERS/Afolabi Sotunde/File Photo

DANGOTE CEMENT PLC postponed its secondary listing in the United Kingdom on Tuesday, shelving plans due to market volatility. The delay follows turbulence in the United States after the midterm elections, dealing a blow to the United Kingdom's bourse. Nigeria's largest cement producer said it may revisit the listing when conditions stabilize.