BREAKING: Dangote Cement suspends planned London Stock Exchange listing

Dangote Cement Plc has decided to put its plans for a share listing on the London Stock Exchange (LSE) on hold. The listing was part of strategies to attract more international investors through a secondary listing.

The cement company announced this decision in a notice to the Nigerian Exchange Limited (NGX) and its stakeholders today, after a meeting of its board of directors. The board, along with the selling shareholder, Dangote Industries Limited (DIL), agreed to stop the proposed London listing and share offering for the time being.

While the company cited current market conditions and its focus on strategic goals as reasons for this decision, it did not share additional details about whether it plans to revisit the listing in the future or when that might occur.

This announcement comes several months after Dangote Cement started looking into the possibility of a listing in London back in May 2026. At that time, the company believed such a move could widen its shareholder base, enhance its appeal to international investors, and strengthen its presence as a pan-African business.

What Dangote Cement’s London listing would have achieved

The proposed transaction was a secondary listing, meaning Dangote Cement intended to make its existing shares available to investors on another stock exchange while retaining its primary listing in Nigeria.

The company will not be raising new capital through this process. Instead, it is focused on allowing current shareholders to sell some of their shares to foreign investors. Dangote Industries Limited, which controls Dangote Cement, is expected to be involved in the share offering.

The plan has already received approval from shareholders, and the company has brought on board financial advisers, including Citigroup, JPMorgan Chase, and Standard Bank, to assist with the transaction, as reported by the Financial Times.

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While Dangote Cement is listed on the Nigerian Exchange (NGX) and operates in several African markets, its market value was recently reported at approximately ₦24.79 trillion ($18.42 billion) by Reuters.\

Despite the decision to suspend the London listing, Dangote Cement has stated that this will not impact its operations or business strategies, and its shares will continue to be available on the Nigerian Exchange. This announcement comes at a time when the London market is struggling to attract significant new listings, with some companies reconsidering their presence there or pursuing other opportunities.

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