September 29, 2016 2:22 AM ET

Metals and Mining

Company Overview of Ajaokuta Steel Company Limited

Company Overview

Ajaokuta Steel Company Limited manufactures steel. The company owns and operates iron and steel plants. Ajaokuta Steel Company Limited was founded in 1979 and is based in Ajaokuta, Nigeria.

P.M.B 1000

Kogi State

Ajaokuta,  

Nigeria

Founded in 1979

Key Executives for Ajaokuta Steel Company Limited

Chairman of Interim Management Committee and Chief Executive Officer
Compensation as of Fiscal Year 2016.

Ajaokuta Steel Company Limited Key Developments

Polaris Technologies Seeks To Acquire Ajaokuta Steel

Ningbo Polaris Technology Co., Ltd. is seeking to acquire Ajaokuta Steel Company Limited and they have sent a team of semior officials to Nigeria to explore avenues to invest the country’s mining. Rhoda Ishaku Iliya, Assistant Director Press in The Ministry Of Solid Minerals Development, said, “The group also indicated interest in acquiring the Ajaokuta Steel Company, saying they had discovered an iron ore site of high quality that can be explored to provide raw materials for the Ajaokuta Company and other steel processing companies in the country.”

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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