Aliko Dangote, founder and CEO Dangote Group/Industries
(Reuters) - Dangote Industries, majority shareholder in Dangote Cement, on Monday sold 1.5 percent of its stake in Nigeria’s biggest listed firm to South Africa’s Public Investment Corporation for US$ 289.3 million.
Renaissance Capital, broker to the deal, said Dangote Industries sold 1.5 percent of its 95 percent stake in Africa’s biggest cement producer at 179 naira (US$1.12) per share.
Dangote Cement shares, which
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