Dangote Cement Plc has explained why it has suspended plans to list its shares on the London Stock Exchange (LSE), citing prevailing market conditions.
The company’s Secretary, Edward Imoedemhe, disclosed this in a notice on Tuesday, November 10, 2026, following a board meeting held on the same day.
According to the company, the decision was taken after considering prevailing market conditions, prompting it to put the proposed transaction on hold.
Dangote Cement stressed that it would not proceed with the listing at this time.
However, the company clarified that the suspension was not permanent, adding that the proposed London listing would be reconsidered at an undisclosed future date.
DAILY POST reports that plans for Dangote Cement’s debut on the London Stock Exchange first emerged in May 2026, when the company was valued at nearly $13 billion.
In July, the company disclosed that it preferred London over Dubai for the proposed international listing, citing a faster and more practical listing process in the United Kingdom.
On September 2, Dangote Cement announced plans to host a Capital Markets Day for investors in London on September 21 as part of preparations for the proposed listing.
Meanwhile, the company’s shares closed at N1,469.90 on Monday, November 9, representing a 9.6 per cent increase from N1,341 recorded previously.
