Aliko Dangote, President/Chief Executive of Dangote Industries Limited, has said that his friend and fellow billionaire businessman Femi Otedola is welcome to pursue a corporate takeover of Dangote Cement.
Dangote stated this on Friday during the Dangote Cement customer appreciation event in Lagos.
When addressing other dignitaries at the gathering, he acknowledged Otedola, stating, “We must also welcome our newest stakeholder, Femi Otedola.
“There are people who fear that he is going to do the same thing he did at Transcorp; I say he’s welcome.”
In a statement issued Monday, Otedola confirmed his
“Significant acquisition of shares in Dangote Cement,” saying that the “strategic investment underscores his confidence in Dangote Cement’s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria’s economic resilience.”
According to Otedola:
“Dangote Cement’s unique position with two export terminals offers a substantial opportunity to earn foreign exchange, crucial for Nigeria’s economy. This, along with the company’s pan-African presence, makes it an ideal investment choice.”
cc: Punch Ng
