Posco Co., Ltd. agreed to acquire Posco (Thailand) Company Limited from POSCO Holdings Inc. (KOSE:A005490) for approximately KRW 140 billion on November 18, 2022. Under the terms, Posco will acquire 18,699,481 shares at a price or KRW 7,537 per share. 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.