Nigeria’s highest capitalised stock Dangote Cement PLC plans to list on the London Stock Exchange (LSE) next year.

Chairman of the Dangote group Aliko Dangote says he intends to free- float a 20 percent stake in the $11 billion cement company to finance its rapid expansion in 2013 and beyond.

Morgan Stanley and JPMorgan have been appointed as co-leads for the London share issue.

The company is working to meet the corporate governance requirements for a premium listing.