Dangote Cement GDR
After Dangote Cement’s listing in Nigeria in November, local regulators gave the expanding cement firm two years to reach a 25% minimum free-float requirement. Aliko Dangote, Africa’s richest man, owns 95% of the equity. Goldman Sachs, JPMorgan and Morgan Stanley are preparing a global offering in London for 20% of the firm, whose total market valuation at listing was $14 billion.
Konkola Copper IPO, London
One of a number of financings being prepared in the Zambian copper belt is a $1.1 billion share sale on the London Stock Exchange, led by Goldman Sachs and JPMorgan, for the Zambian arm of India-focused mining firm Vedanta. Vedanta will retain a majority. A separate listing in Zambia is planned.
Kosmos Energy IPO, New...
