Skip to content
Dangote Sugar's share count has risen by two-thirds after 8.1 billion new shares from its rights issue were listed in Lagos. The N485.9 billion raised was meant to cut debt that stood at more than four times equity, but the proof will not appear until the next quarterly accounts.
Aliko Dangote's Dangote Sugar Refinery has raised $356 million in an oversubscribed rights issue to cut debt and expand local production after years of losses.
Dangote Sugar Refinery has opened a N485.9 billion ($300 million) rights issue at N60 per share, offering two new shares for every three held, in a bid to slash debt and revive its Sugar for Nigeria backward integration programme.
Aliko Dangote's Dangote Sugar has opened a N485.9 billion ($324 million) rights issue to strengthen its balance sheet and fund a major local-production drive.
Shareholders of Aliko Dangote's sugar company have approved a N500 billion rights issue, one of the largest in Nigerian corporate history, to fund backward integration and expansion.