Dangote is looking to plans to increase capacity more than fivefold by 2015 to 46.2m tons.?Photo: Alamy
Dangote Cement is said to be look at a London sale of global depositary receipts in the region of $3bn to $5bn, valuing the company at around $20bn.
Goldman Sachs, JPMorgan Chase and Morgan Stanley are helping to prepare the sale, which is reportedly slated for next year.
Lagos-based Dangote raised 13.5bn naira in an initial public offering in October and is looking to plans to increase capacity more than fivefold by 2015 to 46.2m tons. It aims to do this by through investing in Nigeria and other African countries.
Demand for cement in Nigeria, sub-Saharan Africa’s second-biggest economy and the continent’s most populous nation, is expected to rise 45pc this year.
View the original article here
07:37
zhbjzhql
, Posted in
about
,
Africa
,
Diageo
,
Europe
,
warns
,
0 Comments
Sales were 'marked decline' Spain, which is one of the Guinness and Smirnoff-manufacturer of three major markets in Europe, with Great Britain and the Ireland.
However, Diageo has reported increased 5MC underlying sales in the first quarter, as demand pencils United States which Nigeria is key for Guinness, Asia and Latin America continued to cro?tre.En North America Africa is the largest Diageo and profitable market and analysts welcomed by signs of improvement in the United States.
Increase sales met forecasts of analysts and Diageo has also confirmed that it expects to increase more large operating profits this year than last year, as he said to the month of August.
"The year started as we thought that it would, with a fragile environment in developed markets, economic consumption and demand from the consumer markets in development," said Paul Walsh, Chief Executive. "Environment for European consumers is slightly lower that we lived in the previous year.?
Sales increased to ￡ 2. 06bn within three months at the end of September, more than ￡ 1. 95bn the previous year.
Diageo reported an increase in profit before tax ￡ 2. 24bn in the year at the end of June, place ￡ 1. 99bn the previous year.
The p 8-￡ 11.35 dragged shares and climbed 4 7pc in 2010.
View the original article here
