By BUUMBA CHIMBULU DANGOTE Petroleum Refinery and Petrochemicals has raised US$2.5 billion through a private equity placement, in what the company says is the largest publicly disclosed private placement in Africa. The fundraising exercise was 3.7 times oversubscribed, reflecting strong investor demand for a stake in the refinery and petrochemicals business. According to […] To continue reading, you must subscribe to either DAILY, WEEKLY or MONTHLY Plans.

    By BUUMBA CHIMBULU DANGOTE Petroleum Refinery and Petrochemicals has raised US$2.5 billion through a private equity placement, in what the company says is the largest publicly disclosed private placement in Africa. The fundraising exercise was 3.7 times oversubscribed, reflecting strong investor demand for a stake in the refinery and petrochemicals business. According to […]