United Capital Ethiopia to lead local distribution of Dangote Refinery shares
According to Capital Ethiopia, United Capital Financial Services Ethiopia (UCFS Ethiopia) has been appointed as a Joint Issuing House, Official Stockbroker and Lead Distributor for the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery, opening a new cross-border investment opportunity for qualified Ethiopian investors. The company, a subsidiary of United Capital Plc, will coordinate local investor participation and share distribution alongside other issuing houses and distributors, including CBE Capital, Wegagen Capital and Awash Capital.
What happened
United Capital Financial Services Ethiopia (UCFS Ethiopia) has been appointed as a Joint Issuing House, Official Stockbroker and Lead Distributor for the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery, opening a new cross-border investment opportunity for qualified Ethiopian investors. The company, a subsidiary of United Capital Plc, will coordinate local investor participation and share distribution alongside other issuing houses and distributors, including CBE Capital, Wegagen Capital and Awash Capital.
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