Dangote Cement in early talks over potential London listing

ABUJA, May 13 (Reuters) - Nigeria's Dangote Cement said it is ​considering ‌a secondary listing on the London ⁠Stock Exchange, a move that could ⁠widen its ​access to overseas investors and capital, although it didn't provide details on the plan's terms or ​timing.

The ‌cement maker said in a statement dated May 12 that it was at a preliminary stage of ​exploring this listing, adding that any deal would ‌depend on corporate and regulatory approvals, final terms and market ‌conditions.

"There is no certainty that the proposed listing will be completed or, if completed, ​as to the terms or timing thereof," Company Secretary ‌Edward Imoedemhe said in the statement.

Dangote Cement said the listing, if pursued, would ⁠broaden its ⁠shareholder base and support ‌its position as a pan-African company.

It advised shareholders and ​the ​investing public to exercise caution in ‌trading the company's securities until it provides further updates.