Dangote Cement, owned by Africa’s richest man, has revived plans for a share sale in London that could raise about $1bn, according to people familiar with the matter. The Nigerian company, controlled by Aliko Dangote, has approached investment bankers to discuss a potential UK listing, said the people, who asked not to be named as the talks were not public. Once banks have been appointed, it will probably take at least five months to complete the process, one of the people said. The cement maker is also considering issuing a debut eurobond, according to two different people familiar with the matter. Discussions are ongoing and a listing of Africa’s biggest cement maker might not go ahead, the people said. "We have not, to the best of my knowledge, taken such a decision," Anthony Chiejina, Dangote Cement’s spokesperson in Lagos, said in an e-mailed response to questions, without commenting on the banker talks. New capital would enable Dangote Cement to fund expansion plans in sub-Sah...
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