Dangote confirms ADNOC, govts, other investors interested in refinery
Aliko Dangote confirms ADNOC and other strategic investors, including governments, are interested in taking stakes in Dangote Refinery. Learn more about th Read More: https://punchng.com/dangote-confirms-adnoc-govts-other-investors-interested-in-refinery-stakes/
Aliko Dangote, CEO of the Dangote Group, revealed that Abu Dhabi National Oil Company (ADNOC) and other strategic investors are showing interest in investing in the Dangote Petroleum Refinery. However, the company is declining to disclose details of the potential investments due to non-disclosure agreements. Dangote spoke in Lagos after a signing event connected to the refinery's planned share offering.
He clarified that the share offering was not prompted by the current Middle East crisis or temporary market conditions, as the company's projections were based on normal market conditions. Dangote emphasized that the company is targeting long-term investment and intends to give more Africans an opportunity to own a stake in the business.
The company aims to have 10 million shareholders from across Africa and other parts of the world. Dangote reiterated that the refinery is intended to be a significant long-term investment, running for the next 50-70 years.
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