Dangote Cement suspends London Stock Exchange listing, reveals reason
Dangote Cement Plc has explained why it has put its proposed debut on the London Stock Exchange, LSE, on hold. The company’s Secretary, Edward Imoedemhe, made the clarification in a notice on Tuesday, following a board meeting held on Tuesday, November 10, 2026. According to the company secretary, the decision was prompted by prevailing market […] Dangote Cement suspends London Stock Exchange…
Dangote Cement Plc has temporarily halted its plans to debut on the London Stock Exchange (LSE), citing prevailing market conditions as the reason. This decision was announced by the company's Secretary, Edward Imoedemhe, following a board meeting held on Tuesday, November 10, 2026. The company emphasized that the suspension is not permanent and that the proposed listing will be reconsidered at an unspecified future date.
The idea of listing on the LSE was initially introduced in May 2026 when Dangote Cement was valued at nearly $13 billion. Despite this, the company opted for London over Dubai due to the perception that the UK listing process was faster and more practical. In September, Dangote Cement scheduled a Capital Markets Day for investors in London, with the event planned for September 21, as part of its preparations for the proposed listing.
As of Monday, November 9, Dangote Cement shares closed at N1,469.90, marking a 9.6% increase from the previous trading session.
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