Wednesday, June 13, 2012

Dangote targeting $35-40 billion on London Stock Exchange listing

Aliko Dangote

(Reuters) - Nigerian billionaire Aliko Dangote is targeting a market capitalization of US$35-40 billion for his cement company when he lists it in London next year, and the money will be used to pay off investors including himself, he told reporters on Wednesday.

"It depends on the market, but it should be something like US$35 to US$40 billion dollars. We are targeting something like that," Dangote said of the secondary listing in London that is planned for late next

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