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Dangote has ‘strong intent’ for South Africa listing after Nigeria IPO – JSE
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MyJoyOnline
The Johannesburg Stock Exchange has engaged with Nigeria's Dangote Group and said the company could list its petroleum refinery in South Africa after a Nigerian IPO, a spokesperson told Reuters on Wednesday.
"They will list in Nigeria first but with strong intent to hopefully bring the listing to South Africa," the JSE said in an emailed response to Reuters questions.
Sources told Reuters that the group has made a preliminary filing with the Nigerian regulator for the refinery IPO, targeting an October listing.
One of the sources said the group wants regional capital markets to take part, with Kenya potentially raising $500 million.
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