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Dangote Refinery Cuts Debt to $5.7 Billion Ahead of Record IPO
Source: Bloomberg
Company FundamentalsIPOs & SPACsEnergy Markets & PricesCapital Returns (Dividends / Buybacks)
Africa's largest oil refinery reduced debt by $570 million after increasing output and sales ahead of a planned share offering. The transaction is set to be the continent's largest equity offering and could expand by up to 30% based on investor demand, supporting deleveraging and financing capacity.
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