Equity Capital Markets

Zenith holds London investor meetings

Zenith holds London investor meetings

Nigeria’s Zenith Bank has started investor meetings in London ahead of listing global depositary receipts (GDRs) on the London Stock Exchange.

The management team hopes to increase international analyst coverage, boost liquidity and broaden the bank’s investor base.

The listing will see the bank issue receipts each representing 50 shares. JP Morgan is acting as depositary bank.