Monday, October 25, 2010

AFRICA: Nigeria: Dangote may sell 20 pct of unit to London investors


Nigeria's Dangote could sell 20 prcent of its cement business to London investors, its chief executive said on Monday.

"It's still under consideration, but most likely we may be thinking about taking it to London," Aliko Dangote,Nigerian billionaire and chief executive of Dangote, told a news conference in Johannesburg.

"We are still speaking to our financial advisers, but we will let people know very soon."

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