# Ashington Innovation proposes £160M acquisition of World Metal Group

Ashington Innovation plc entered into non-binding Heads of Terms to acquire World Metal Group (WMG) for an estimated £160 million, to be satisfied by issuing new ordinary shares. The acquisition is conditional on due diligence and shareholder approval.

- Type: Acquisition
- Announced: 2026-08-10
- Value: $204.0M (160.0M GBP)
- Status: announced
- Products: metal products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ashington Innovation](https://endata.com/companies/93465.md) (acquirer)
- [World Metal Group](https://endata.com/companies/93466.md) (target)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/ashington-innovation--ashi/proposed-acquisition-of-wmg-suspension-of-listing/9712707), 2026-08-10: "Ashington Innovation plc has entered into non-binding, conditional, exclusive Heads of Terms with the majority shareholders of World Metal Group Pte. Ltd."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.