# Tower Alloys Industries acquires 67.55% stake in Aluminium Extrusion Industries Plc

Tower Alloys Industries Limited acquired 148,586,921 shares of Aluminium Extrusion Industries Plc, representing 67.55% of the issued share capital, becoming the majority shareholder. No financial details were disclosed.

- Type: Acquisition
- Announced: 2023-11-02
- Where: Nigeria
- Status: completed
- Products: aluminum extrusion products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tower Alloys Industries Limited](https://endata.com/companies/73474.md) (acquirer)
- [Aluminium Extrusion Industries Plc](https://endata.com/companies/73475.md) (target)

## Sources

- [nairametrics.com](https://nairametrics.com/2023/11/02/tower-alloys-industries-acquires-66-75-stake-in-aluminium-extrusion-industries-plc/), 2023-11-02: "Tower Alloys Industries Limited has acquired the shares previously held by Tower Aluminum Nigeria Plc in the Company and thus has become the beneficial owner of 148,586,381 shares of the Company."

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