Dangote Cement Plc has shelved its proposed secondary listing and share offering on the London Stock Exchange (LSE), citing prevailing market conditions and the company’s strategic priorities.
The decision was announced in a regulatory notice filed with the Nigerian Exchange (NGX) on Tuesday, November 10, 2026, following a meeting of the company’s board of directors.
In the notice signed by Company Secretary Edward Imoedemhe, Dangote Cement said it and its selling shareholder, Dangote Industries Limited (DIL), had resolved not to proceed with the proposed London listing at this time.
The company said its ordinary shares would remain listed on the Nigerian Exchange, adding that the decision would not affect its operations or business plans.
Dangote Cement also reaffirmed its commitment to delivering sustainable value to shareholders and strengthening its position in the cement market.
The proposed London listing was expected to expand the company’s access to international investors and provide an additional platform for trading its shares.
Dangote Cement first disclosed discussions about this attempt in May this year, marking a resurgence of listing ambitions after a prior dual-listing plan was put on hold in 2018. The proposal subsequently advanced, with the company holding a capital markets event in London in September to engage investors and present its business strategy.
The decision to suspend the transaction comes amid broader volatility across global equities and a subdued European IPO environment. In its official filing, the company stuck strictly to general macroeconomic factors, noting simply that “current market conditions and strategic priorities” prompted the decision.
The company has not announced a new timeline for the proposed transaction or indicated when it might reconsider the London listing.
Dangote Cement, Africa’s largest cement producer, operates across 11 African countries and remains the most valuable listed company on the Nigerian Exchange.
