Dangote Refinery Opens Africa’s Biggest IPO as Investors Question $47 Billion Valuation

Nigerian billionaire Aliko Dangote on Monday opened Africa’s largest share offering to date, giving retail investors an opportunity to own part of his landmark oil refinery while raising as much as 2.15 trillion naira ($1.6 billion) to finance the plant’s expansion. The initial public offering of Dangote Refinery opened at 8 a.m. local time and […]

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