22
Aug
10:51
Posco to buy half stake in Krakatau Posco
South Korean steelmaker Posco, a subsidiary of Posco Holdings Inc., will acquire the 50% equity of Krakatau Posco in Indonesia which is currently owned by the parent, according to the latter’s regulatory filing. It plans to pay cash. The remaining 50% stake is held by Indonesia's Krakatau Steel after an acquisition at the end of last year.
The acquisition cost is set to be KRW 888 billion ($664 million), and Posco aims to complete the acquisition be…
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Anonymous
Very good overview of the weekly steel market.
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