Dangote Refinery Dangote Petroleum Refinery & Petrochemicals FZE Loading... : Investor Sentiment and Bull/Bear Views
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13:31
Sep 21
Sep 21
Bloomberg Markets
Dangote Refinery IPO and expansion upside.
Dangote describes the refinery as Africa's biggest IPO and a decade-long $19bn project that has seen huge demand—$3.7bn requested in private placement versus $1bn planned, and a green-shoe option for 30% more. He is targeting 10m shareholders, expanding capacity to 1.4m barrels per day by 2029 (about 10% of total US refining capacity), adding 2.4m tons of polypropylene and 400k tons of LAB, and supplying jet fuel to Europe. He plans a primary listing in Nigeria and a dual listing in New York after expansion.
Dangote Refinery
Dangote Petroleum Refinery & Petrochemicals FZE
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About Dangote Refinery Investor Commentary
Across the available history and selected sources, Buzzberg tracks Dangote Refinery (Dangote Petroleum Refinery & Petrochemicals FZE) across 2 sources: 1 bullish vs 0 bearish calls from 5 authors. Historical directional balance: 20% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 5 total trade ideas tracked. Latest voices: Aliko Dangote.