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Dangote Prices Africa's Biggest IPO at $47 Billion

Aliko Dangote launched Africa's largest share sale on Monday, offering 4.1 billion shares of his Nigerian oil refinery at 525 naira each. The offer runs through Oct.

  • Dangote sells 4.1 billion shares in Africa's biggest IPO at $47 billion
  • Refinery valued at $47 billion, processing 700,000 barrels daily
  • Funds to expand capacity to 1.4 million barrels per day by 2029

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