Dangote Said to Seek $50 Billion IPO Valuation for Refinery Arm
Aliko Dangote, Africa’s richest person, is targeting a valuation of as much as $50 billion in a planned listing of his refinery business this year as higher oil prices boost...
By Vinicy Chan, Emele Onu, Loni Prinsloo, Anthony Osae-Brown · Bloomberg
Aliko Dangote, Africa’s richest person, is targeting a valuation of as much as $50 billion in a planned listing of his refinery business this year as higher oil prices boost its prospects, people with knowledge of the matter said.