Alhaji Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has said the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals would democratise wealth creation by giving Nigerians and investors globally an opportunity to own shares in one of Africa's major industrial projects. He spoke at the "Facts Behind the Offer" presentation and opening gong ceremony for the refinery's IPO in Lagos, where the Nigerian Exchange Limited formally opened the N2.2 trillion offer. The IPO comprises 4.1 billion new ordinary shares offered at N525 per share, with a minimum subscription of 10 shares valued at N5,250. The offer is scheduled to close on October 13. Dangote also plans another refinery in Kenya.
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