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Dangote Closes $2.5B Private Placement

2 entriesFri, Jul 24 – Sat, Jul 25Startups, VC & Funding

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  1. Sat, Jul 25LatestUnverified — not yet reviewed

    Dangote Refinery Completes $2.5 Billion Equity Raise in One of Africa's Largest Corporate Placements

    Dangote Refinery has secured a $2.5 billion equity injection through a private placement, in what stands as one of the largest industrial capital raises in African history. The funds are targeted at expanding the refinery's processing capacity.

  2. Fri, Jul 24Unverified — not yet reviewed

    Dangote Completes $2.5 Billion Private Placement in One of Africa's Largest Corporate Raises

    Dangote Group has confirmed the successful completion of a $2.5 billion private placement, in what stands as one of the largest corporate capital raises in African history. The raise is a major energy sector investment signal for institutional investors tracking large-scale African corporate finance.