Fitch: Dangote plans to sell 12.7% stake in refinery over liquidity issues

Fitch Ratings, a credit rating agency, says Dangote Group plans to divest 12.75 percent stake in Dangote Petroleum Refinery over liquidity concerns. In a statement on Monday, Fitch said Dangote Group plans to use the proceeds from the stake sold to service a sizable syndicated loan that matures on August 31, 2024. In September 2021, [...]

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