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Quiet and unassuming, Ahlaji Dangote could, before now, easily have been missed in a small crowd. But not anymore. His towering business status will today stand him out in a huge crowd. Even in the midst of bank chief executives, it's easy to pick him out because that's where everybody's attention and courtesies will be generously directed. Obviously, his self-effacing miem is a strategy that allows him to focus his mental energy at business calculations that churn out remarkably successful projects that have rapidly grown the value of the group. (Continues below...) The group now boasts of large-cap companies which include: Dangote Flour Mills Limited, Dangote Salt Limited, Dangote Pasta Plc, Obajana Cement Plc now constructing the yet-to-be-commissioned expansive Obajana Cement complex, a controlling interest in Benue Cement Company Plc and more. Clearly, Dangote Industries Limited is investing in the production of mass consumer goods, particularly in the foods sector, a factor that has ensured huge revenue inflows and rapid growth for the subsidiaries. Now, Alhaji Dangote is on the verge of doing what the world's most successful business people in the big economies usually do: sell part of their business to the public, usually for good profit. This also affords such businesses access to a sizeable chunk of cheap equity funding to execute further expansion programmes, while giving opportunity to interested investors to become co-owners. Today, Bill Gates is the richest citizen of the world, notwithstanding that part of the Microsoft they built has since been sold to the investing public. The ongoing initial public offering of 3 billion ordinary shares of Dangote Suger Refinery PLC is therefore a landmark event for the Dangote Group. It not only makes a bold statement on the grand vision of the founder, but also signals the imminent control and dominance of the West African sugar market by this subsidiary. The offer targets raising When concluded, a post-offer shareholding of 30% in the hands of new investors will leave current shareholders, Dangote Industries Limited and Alhaji Dangote effectively in control of the company with 70% consolidated interest. The towering profile, business experience and proven management capacity of the current ownership are however strong basis to expect that the company will continue to enjoy quality management and experience growth and sound performance. The offer clearly enjoys the massive support of the financial community who over the years have come to place a lot trust in Alhaji Dangote - earned trust you would say. Many notable industrialists and iinvestors have aslo given open endorsement. What is clear is that Alhaji Aliko Dangote has, so far, demonstrated uncanny business management prowess and nothing indicates that he is about to let up. »Neimeth Takes a Hard Punch at Pain, Hopes to Boost Earnings Want to Build Your Own Business Empire? Get the inspiration and ideas you need from these power-packed articles »Looking For Viable Business Ideas? Here's The Key! More Business-building Resources Financing Your Business - Finding The Money, Managing Your Money.
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