Aliko Dangote has nearly completed a $2. 5 billion private stock placement for his refinery business, according to people familiar with the matter, as the company prepares for Africa’s largest initial public offering.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-17/dangote-taps-2-5-billion-in-private-share-placement-before-ipo)

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