Post by Proshare (@Proshare)

Dangote Petroleum Refinery and Petrochemicals FZE has completed the issuance and allotment of approximately US$2.5bn in new equity through a private placement that attracted subscriptions equivalent to 3.7 times the initial offer size. Announced on 23 July 2026, the transaction represents the refinery’s first external equity raise beyond its legacy shareholder base and has been described by the company as Africa’s largest publicly disclosed primary equity private placement by value.

https://proshare.co/articles/dangote-refinery-completes-us2.5bn-private-placement-at-3.7-times-subscription-pricing-and-dilution-remain-undisclosed?menu=Market&classification=Read&category=Public

Dangote Petroleum Refinery and Petrochemicals FZE has completed the issuance and allotment of approx...

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