Dangote Cement shares trade in off-market deals worth $236m

02 August 2017

Some 416-million shares in Dangote Cement have been traded at 210 naira each in off-market deals valued at 86.1-billion naira ($236-million), traders said on Tuesday.

Dangote Cement, which makes up one-third of the Nigerian bourse’s total market capitalisation, shed 0.68 percent to 222.22 naira, valuing it at 3.79 trillion naira ($10.4-billion).

Nigeria’s biggest listed company is majority owned by billionaire tycoon Aliko Dangote.

Brokers Stanbic IBTC and Meristem acted for the parties.

Dangote Cement was not immediately available for comment. 

Related articles

Read the latest issue

Latest Issue