Nigeria: Dangote Refinery IPO Gets $1bn Underwriting Backing From Marob, Lilium

Dangote Refinery secures $1 billion underwriting ahead of IPO

The Dangote Refinery secured $1 billion in an underwriting program from two firms, forming part of the company’s push towards an initial public offering this year. The amount consists of a $600 million participation in the refinery’s $2.5 billion private placement and a new $400 million commitment that will go into effect when the IPO launches, the firms said.Dangote’s pursuit of an IPO comes amid the expansion of its 650,000-barrel per day plan…

Nigeria: Dangote Refinery IPO Gets $1bn Underwriting Backing From Marob, Lilium

Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO.

Dangote Refinery IPO Bolstered by $1bn Underwriting Deal

The Dangote Petroleum Refinery's upcoming IPO has received a $1 billion underwriting boost, specifically aimed at attracting institutional funds from Africa and the Caribbean. The post Dangote Refinery IPO Bolstered by $1bn Underwriting Deal appeared first on Business Elites Africa.

Dangote Refinery IPO gets $1bn vote of confidence from African Capital

The planned initial public offering of the Dangote Petroleum Refinery & Petrochemicals has moved a major step closer to the market following the completion of a $1 billion underwriting programme designed to anchor the landmark listing. The programme, structured by Marob Strategies and Consulting DIFC Limited and Lilium Capital Group, comprises a completed and funded […] The post Dangote Refinery IPO gets $1bn vote of confidence from African Capi…