Dangote Cement Plc has withdrawn its plan to list shares on the London Stock Exchange, citing current market conditions, the company announced after a board meeting on 10 November 2026.
In a statement sent to the Nigerian Exchange Limited (NGX) and signed by company secretary Edward Imoedemhe, Dangote Cement said: “The Board of Directors resolved that, in light of current market conditions and the company’s strategic priorities, the company and its selling shareholder, Dangote Industries Limited (DIL), will not proceed with the proposed secondary listing and offering on the London Stock Exchange at this time.”
The company’s ordinary shares remain listed on the NGX, and the decision does not affect its operations or business plans. “Dangote Cement PLC remains focused on delivering sustainable value to its shareholders and building on its strong market position,” the statement added.
The move follows earlier announcements in May, when Dangote disclosed plans to list the cement business on the LSE – a second attempt eight years after a failed 2018 bid. The proposed dual listing would have involved selling about 10 percent of Dangote Cement’s shares on the UK exchange.
With the listing cancelled, Dangote Cement will continue to operate as a leading Nigerian cement producer, maintaining its current market presence while reassessing future capital‑raising options.
<small>Source: Vanguard News — read the original story there.</small>
