Posco Co., Ltd. agreed to acquire a 19.30% stake in POSCO-India Private Limited from POSCO Holdings Inc. (KOSE:A005490) for KRW 75.7 billion on November 18, 2022. Under the terms, Posco Co., Ltd. will acquire 764,999,999 shares at a price of KRW 99 per share. The transaction is resolved by the board of Posco and expected to complete in December 2022.
The transaction is resolved by the board of Posco and expected to complete in December 2022.