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Bloomberg, citing sources familiar with the matter, reports that major African asset managers and pension funds have applied to subscribe for nearly $1 billion in shares of the Dangote Refinery.
According to Bloomberg, citing people familiar with the matter, Africa's largest asset manager and a Nigerian pension fund manager have applied to subscribe for nearly $1 billion in shares in the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE. Submitting a subscription application does not guarantee an allocation, nor does it mean the IPO has been completed.
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24H Trending
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WTI crude oil rose 3.23% from its previous close, currently trading at $89.034
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Gold fell 2.66% from its previous close, currently trading at $3,881.04.
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The yield on the 30-year US Treasury bond rose by about 8 basis points from the previous close, currently standing at 5.44%.
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The 10-year US Treasury yield rose by about 8 basis points from the previous close, currently standing at 5.08%.
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Citadel Securities has poached Matthew Zimmerman from Diameter Capital Partners to head investment-grade corporate bond trading.
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Watami, the Japanese restaurant group, has its founder planning to take the company private through a management buyout (MBO)
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Microsoft services suffer widespread outage impacting thousands of users in North America; Amazon Web Services and Google users also report disruptions
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