Posco Co., Ltd. agreed to acquire 90% stake in POSCO Chongqing Automotive Processing Center Co., Ltd. from POSCO Holdings Inc. (KOSE:A005490) for KRW 40.5 billion on November 18, 2022. In related transactions, Posco acquires stake in 57 other companies. The transaction is resolved by the board of Posco and expected to complete in December 2022.