Alhaji Aliko Dangote, the core investor in Dangote Cement Plc, may have to sell additional 13.4 per cent equity stake out of its dominant majority equity stake of about 94 per cent in Dangote Cement Plc in order to comply with the minimum float requirement of the Nigerian Stock Exchange.

The dilution, however, could be by way of shares sale or issuance of new shares to the general investing public to dilute the core investor’s shareholding.

Dangote to sell more equity stakes in Dangote Cement