Dangote’s Refinery Private Placement Draws $2 Billion of Demand

Aliko Dangote said a private placement of shares in his oil refinery in Nigeria attracted as much as $2 billion of investor demand before a proposed initial public offering.

By Anthony Osae-Brown, Loni Prinsloo · Bloomberg Markets

Aliko Dangote said a private placement of shares in his oil refinery in Nigeria attracted as much as $2 billion of investor demand before a proposed initial public offering.