Drivers, cooks, traders can own refinery shares – Dangote
From project to public offer Reflecting on the refinery’s development, Dangote said the project had received the backing of bankers even before the company finalised the site or obtained the refinery licence.
LAGOS — President of Dangote Industries Limited, Aliko Dangote, on Monday said drivers, cooks, traders, domestic staff and managers would have the opportunity to own shares in the Dangote Petroleum Refinery and Petrochemicals FZE through its proposed Initial Public Offering, IPO.
Dangote stated this at the signing ceremony for the registration documents of the proposed IPO in Lagos, describing the offer as an “IPO for the people” aimed at broadening ownership of the 700,000-barrel-per-day refinery.
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