The Nigerian Stock Exchange released a statement confirming that the $300million investment in Dangote Cement by the Dubai based Investment Corportation of Dubai (ICD) is the largest single trade in Nigeria since 1997. Here is the press release.
A total of 243,540,000 units of DANGOTE CEMENT PLC [DANGCEM] at N200 per share, valued at N48.708 billion were traded today Monday, September 8, 2014 as an Off-Market trade. This remarkable trade between the seller, Dangote Industries Limited and the buyer, Investment Corporation of Dubai was executed by Meristem Securities Limited. It is the largest single trade on The Nigerian Stock Exchange since 1997.