Botswana Investors Complete Subscription Window for Dangote Refinery Depositary Receipts

The Botswana-accessible offer linked to Dangote Petroleum Refinery closed on 27 October. Up to approximately 1.298 billion Botswana Depositary Receipts had been offered at an indicative price of BWP 5.85 each, representing a potential offer value of approximately BWP 7.6 billion if fully subscribed. The offer’s closure does not mean that all securities were allotted or that the refinery’s IPO process was fully completed.

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