Posco Co., Ltd. agreed to acquire a 8.21% stake in Daesung Steel Co., Ltd. from POSCO Holdings Inc. (KOSE:A005490) for KRW 7.2 billion on November 18, 2022. Under the terms, Posco Co., Ltd. will acquire 50,567 shares at a price of KRW 142,455 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. The transaction is resolved by the board of Posco and expected to complete in December 2022.