Posco Co., Ltd. agreed to acquire a 7.6% stake in TC-Tech. Co., Ltd from POSCO Holdings Inc. (KOSE:A005490) for KRW 5.6 billion on November 18, 2022. Under the terms, Posco will acquire 102,729 share at KRW 54,137 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.