Dangote Cement Plc says it will not proceed with plans for a secondary listing and offering on the London Stock Exchange (LSE).
The cement maker disclosed the decision in a notice filed with the Nigerian Exchange Limited (NGX) on Tuesday, following a board meeting held on November 10, 2026.
“The Board resolved that, in light of current market conditions and the Company’s strategic priorities, the Company announces that it and its selling shareholder, Dangote Industries Limited (DIL) will not proceed with the proposed secondary listing and offering on the London Stock Exchange at this time,” the notice reads.
“The Company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the Company’s operations or business plans.
“Dangote Cement PLC remains focused on delivering sustainable value to its shareholders and building on its strong market position.”
Dangote had disclosed plans to list the cement business on the London bourse in May, eight years after an earlier attempt in 2018 failed.
He had told the Financial Times that the proposed dual listing would involve selling about 10 percent of Dangote Cement’s shares on the UK exchange.
In September, Dangote Cement announced plans to hold a capital markets day in London on September 21 as it advanced preparations for the proposed secondary listing.
The company said the event would provide investors and other stakeholders with updates on its strategy, operations and business priorities, as well as an opportunity to engage with senior management.
