Global marketsUpdated 8h ago

Dangote Cement drops its London listing plan.

On Nov. 10, Bloomberg reported that Dangote Cement had paused plans for a London stock offering that could raise as much as $1 billion. Bloomberg linked the pause to a global equity selloff that had weakened investor appetite. A day later, The Wall Street Journal reported that the company had dropped plans for a secondary listing on the London Stock Exchange. The company cited current market conditions to the Journal but did not elaborate. In two days of reporting, the plan went from paused to dropped—and the public explanation stayed brief.

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