Dangote Cement stock: Goldman, UBS join London listing plans

Published on 11/02/2026 at 00:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dangote Cement stock is preparing for a possible London listing with Goldman Sachs and UBS joining the banking syndicate. Timing remains subject to market conditions.

London listing plans gain momentum

Goldman Sachs and UBS have joined preparations for a possible secondary London listing.
The transaction could broaden Dangote Cement's international investor base while its primary listing remains in Lagos.
Completion and timing remain subject to regulatory approvals, final terms and market conditions.

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Dangote Cement stock is gaining attention after Goldman Sachs and UBS joined preparations for a possible London Stock Exchange listing. BusinessDay reported on October 15, 2026 that the company could pursue the transaction as early as November, with a proposed secondary sale targeting up to 1 billion US dollars.

Banking syndicate expands

The reported transaction would involve existing shareholders selling part of their holdings rather than Dangote Cement issuing new shares. Goldman Sachs and UBS would join other banks working on the proposed offering, which is intended to give the company access to a broader international investor base.

The London plan would complement Dangote Cement's existing listing on the Nigerian Exchange. For investors, a second listing could create an additional venue for trading and establish a reference point for the company's valuation among international institutions. The proposal does not by itself confirm that a transaction will be completed.

Investor timetable remains conditional

BusinessDay said the listing could take place as early as November. The timetable remains dependent on regulatory approvals, final terms and market conditions, while the reported sale structure would direct proceeds to selling shareholders rather than directly to Dangote Cement.

Investors should therefore distinguish between progress in arranging the transaction and a completed London debut. The appointment of bookrunners can advance preparation, but it does not establish the final offer size, pricing or admission date.

Business spans African markets

Dangote Cement Plc produces and sells cement across Sub-Saharan Africa, with operations in ten countries and production capacity of 55.0 million tonnes per year, according to the company website. Its strategy focuses on serving construction demand in West and Central Africa and using Nigeria as an export hub. The group competes with regional cement producers including BUA Cement and Lafarge Africa in Nigeria, while its broad African footprint gives it a larger geographic reach than more locally focused rivals.