Dangote Cement Suspends Planned London Stock Exchange Listing
Dangote Cement Plc has suspended its proposed secondary listing on the London Stock Exchange (LSE), citing prevailing market conditions and the company’s strategic priorities.
The decision was jointly reached by Dangote Cement and its major shareholder, Dangote Industries Limited, following a review of the proposed transaction.
In a notice to the Nigerian Exchange Limited (NGX) and the investing public on Tuesday, November 10, 2026, the company confirmed that it would no longer proceed with the planned London listing and associated share offering for now.
The company said the decision was informed by current market conditions and its strategic priorities, without providing a specific timeline for reconsidering the proposal.
The proposed listing was expected to broaden Dangote Cement’s shareholder base and improve access to international investors through the London capital market.
According to reports, the company had been preparing to offer shares to international investors as part of efforts to expand its presence in global financial markets.
The proposed transaction had attracted interest from major international financial institutions, which were expected to support the listing process.
However, the company has now decided to discontinue the proposal amid uncertainty in global financial markets.
Dangote Cement’s shares will remain listed on the Nigerian Exchange, and the suspension is not expected to affect its existing operations or business plans.
The company had initially announced plans to explore a secondary listing in May 2026, explaining that the move would strengthen its position as a leading pan-African company and provide access to international capital markets.
The proposed London listing was also expected to increase the company’s visibility among global investors and create additional opportunities for shareholder participation.
